Benefits of employees are one of the reasons why they are staying in the company, that’s why being a business owner should provide a good benefit for their employees. Company benefits not just help retain your current employees, but also attracts applicants who will see this online, on your social media profile, through word of mouth, etc.
Benefits can be boost Loyalty of employees.
Employees will love to stay in the company when. He has a good income and good benefits for their family, because some of the employees, maybe they have a health issue that can’t pay in own money, that’s why they will stay in the company because of the medical insurance provider of the company.
Employees will not stay for anything
No one will like to stay in one company without benefits, Offering a high wage in job and instead of benefits might attract applicants at first, but what is going to retain them after they are hired/
What would stop them from leaving your company for a competitor offering a higher wage?
Offering proper treatment to your employees, appreciating their efforts and providing them a the salary that they deserved is a proven win-win solution for both the company and the employee.
It can help You Attract Top Talent.
Good benefits will attract more applicants, And some of the employees in other company will like to work in your company because of good benefits. It will be easier for a Human resource to find the good and talented employee.
It may Reduce Turnover.
Employees will not find another company or work to other company, because of the benefits that your company provided like when they in retirement plans. If they are in a hard situation like need some money loan and company will happy to help without interest charge. The employee will stay.
Here some example of the benefit that your employees can enjoy while working.
Free Lunch, Medical Insurance, Free Care services, Gym membership, Interest-free Cash loan