Have you been thinking about starting up a new employee benefits program at your business or overhauling your current one? If so, there are several boxes you’ll want to be sure to tick. OH Employee Benefits can help you cover the essential bases, and once you’ve got a solid program in place, you can even start thinking about offering additional perks that could draw in new talent or retain current top employees. Check out these employee benefits you might consider offering in your new package.
Cover the Essential Legal Bases First
Before you can start sweetening your benefits package with additional perks, it’s important to make sure that you’ve covered any legally required or legally incentivized employee benefits first. Depending on your state and industry, required legal benefits might extend to:
- Workers’ compensation
- Health insurance, if you run a company that has at least 50 or more employees
- Medicare, social security, and other federal employer contributions
- Medical leave and maternity or paternity leave, where applicable
- Unemployment coverage
Consider Offering Some Popular Additional Benefits To Draw and Retain Employees
Once you have all the main legal bases covered in your package, consider adding in some commonly offered benefits. A wide range of employers frequently includes these benefits, and adding them in may make your business more likely to draw in and retain great employees. Many workers either expect these types of benefits or may only be willing to consider jobs that come with them, so offering these extra benefits as part of a total compensation package could help you bring more talent on board and beat the competition. These additional benefits usually include:
- Paid vacation days
- Life insurance plans
- Retirement accounts with employer matching, such as 401ks
- Vision and dental insurance
- Company wellness and gym perks
- Partial student loan repayment or reimbursement agreements
- Flexible or remote work options
- Commuting reimbursement
Match Extra Perks to Your Unique Company Culture
Beyond the legally required essentials and the commonly offered extras, there are also other extra perks that could make your company stand out from the competition even more. Additional employee perks are the perfect place to demonstrate your company culture and the business’s support or commitment to certain goals. These fun extra perks could include:
- Company cars
- In-office meals or dining services
- Employee stock options
- Employee discounts
- In-house childcare during work hours
Offering strong OH Employee Benefits to your workers is a great way to incentivize them to stick with your business for a long time and put in their best effort. Between covering the legal basics, offering popular extras, and even throwing in a few unique additional benefits to sweeten the pot, this guide can help you build a truly attractive employee benefits package.
About Haughn & Associates
Founded by Michael Haughn in 1986, Haughn & Associates is a full-service, family-owned, independent insurance agency based out of Dublin, Ohio. H&A strives to provide the best possible price and unique insurance solutions across a myriad of industries, including construction, IT, Habitation & Commercial Property, Agriculture, and Engineering. Devoted to providing the best of business insurance, life and disability insurance, personal insurance, employee benefits, and bonds, H&A is proof that success lies in long-standing client relations and satisfaction. To learn more about how H&A can be of service to you, contact us at (877) 802-2278.
