It’s no secret that employees today are increasingly focused on finding a company that offers great benefits. In fact, a recent study showed that nearly 60% of workers would leave their current job for one that offered better benefits. With that in mind, it’s safe to say that benefits will continue to be a major consideration for job seekers in the years to come.
So, what can you do to make sure your benefits are up to par? Keep reading to learn about five sought-after benefits!
Student loan repayment assistance
Another benefit that’s important to employees is student loan repayment assistance. Considering the fact that the average person graduating from college today has over $37,000 in student loan debt, it’s no wonder this benefit is high on employees’ list of priorities. If your company doesn’t currently offer this benefit, now might be the time to start considering it. Not only will it help attract top talent, but it will also show your commitment to helping your employees achieve financial success.
Earned wage access
Flexibility and financial wellness are key themes to benefits packages in 2023. That being said, employees are starting to look for earned wage access in their benefits and compensation packages. At no cost to employers, employees can get paid when they need it most with financial wellness benefits like Immediate. Taking financial stress off your employees will benefit your bottom line while keeping your workforce financially healthy and engaged on the job.
Flexible work arrangements
One of the most popular benefits that employees are looking for in 2023 is flexible work arrangements. A recent survey stated that 63% of job seekers cite work-life balance as one of the top priorities when choosing a new job. With more and more people telecommuting or working remotely, employees are seeking employers who are willing to accommodate their schedules. Offering flexible work arrangements is a great way to attract and retain top talent.
A great PTO package
Finally, employees are looking for improvements when it comes to paid time off (PTO). In particular, they want more flexibility when it comes to using their PTO days and they want assurance that their PTO won’t be taken away if they need to take an unexpected sick day. If your company’s PTO policy could use some work, now is the time to make changes. Your employees will appreciate it and PTO is regularly a major selling point when you’re trying to attract new talent.
Benefits are important. If you want to attract and retain top talent, you need to make sure your company’s benefit offering is up to par. Luckily, we’ve provided some insights into what employees will be looking for in 2023 so you can start making improvements now. By offering benefits like student loan repayment assistance to improved PTO policies, you’ll be well on your way to creating a benefits package that attracts the best and brightest.
Interested in learning more about offering Immediate? Book a call today!