Creating a competitive benefits package sounds like an obvious strategy for recruiting and retaining employees in a tight labor market. But surprisingly, many employers don’t spend much time analyzing their benefits packages, and haven’t ensured alignment with the market and industry competitors. That is a missed opportunity, but today we’ll explore how you can take advantage of it.
Today’s workforce is made up of a diverse mix of employees from different generations, backgrounds, skill levels and family statuses. Utilizing a “one size fits all” approach to employee benefits is not sufficient, and won’t do your company any favors in recruiting and retaining skilled staff. Companies providing benefits that meet the needs of a diverse talent pool may find more people applying, and find people with more interest in getting the job.