As the job market continues to evolve into a candidate-driven market, it’s essential that organizations offer an attractive blend of benefits to recruit and retain top talent.
In a Society for Human Resource Management (SHRM) survey focused on job satisfaction and engagement, 92% of employees indicated benefits were important to their overall job satisfaction; 29% of employees cited their overall benefits package was a top reason for them to look for a position outside of their current organization, while 32% of them indicated their benefits package was a top reason not to look for an external position. This only exemplifies what great HR professionals already know. While a great benefits package can be a powerful tool in attracting and retaining top talent, a poor benefits package can be just as costly, especially when considering the loss of potential candidates and the high cost of employee turnover.
So how is a small employer to compete in the benefits world? Employers of any size can gain access to a suite of big benefits by partnering with a Professional Employer Organization (PEO) like ESC. ESC gives small businesses access to employee benefits they might not typically receive without investing a significant amount of time, resources and money. Benefits such as
• 401(k) plans
• health, dental, life, and other insurance
• dependent care
• and much more
But that’s not the only reason to partner with ESC. ESC experts handle benefits administration and compliance tasks that free up the owners’ time. This allows them to focus on growing their business, while reducing the organizations liabilities.
Every business is unique. So are its employees’ needs. To learn more about how ESC can help fulfill your business needs, contact our business development team here.