Are benefit packages really important? There is much competition for recruits and employees and manufacturers especially need to stand out to potential candidates if they are going to get their products to market in a timely fashion. Let's discuss how not having a good benefit package can cost you more money in the long run.
Now that we have covered why we want to set up our benefits packages, let's discuss what types of benefits I see offered most often.
Putting together a great Stock options
Charitable gift matching
Education & skills
Mobile phone discounts
Student Loan Pay Off
Class fee reimbursement (non-job related)
Company Filed Day / Olympics
Heat / Weather Bonus (Manufacturing environments experience extreme temperature swings)
Cold Water and Gatorade stations around the plant floor
Discounted Event tickets (concerts and ball games)
Putting together a great benefit package for your recruits and employees can help give you a competitive advantage and keep your customers happier due to service by happy employees. Look at what you can afford and work with your HR team and broker to come up with the best benefit program for your company.
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