The job market can be a tricky place – whether you are finding a job or your looking to fill a position, there are many factors contributing to the competitive nature of both sides of the market. In a survey conducted by the ManpowerGroup, 69% of employers said that they find difficulty filling open positions in their companies. This “talent shortage” is the highest its been in a decade.

It’s easy to assume that qualified candidates that fit the needs of your business and your company culture usually come with a higher price tag/salary. It’s also easy to assume that salary and wages play the biggest part in attracting and retaining talent, however, that’s not completely the case. If you’ve found yourself unable to fill positions with qualified candidates or retain your current employees, it may be time to re-evaluate your benefits package.

In a survey conducted by Glassdoor, 60% of those surveyed said benefits and company perks are a major factor in their decision to accept a job offer. In a more shocking statistic, 80% of individuals said they would choose additional/improved benefits over an increase in salary or wages.

If that’s not enough to make you consider updating your benefits package, a study from the Society of HR Management has found that companies that focus on and use benefits to attract and retain talent reported better overall company performance and retention.

Is it time to reassess your benefits package? Download our free guide below to help you get started. 

Want to talk to an experience Employee Benefits Advisor and work towards creating a customized benefits package for your employees? Contact us below.