Salary isn’t the only thing that attracts great candidates. A company’s location, flexible work hours, and work environment are big factors in attracting the best talent to a job. Benefits are also great reasons for job seekers to reply to a company’s ad. Some employees—especially those with many beneficiaries—look at benefits offered by companies before everything else.
Modern-day jobseekers are looking for a little extra. Required benefits no longer cut it. But offering extras such as life or hospital insurance will lure the best employees for the position.
Healthcare coverage is one of the first benefits employees look for in a job. Unless healthcare is free in their country, employees know that having coverage is important, especially when medical costs are ballooning every year.
An average healthcare insurance package covers a certain amount for treatments, check-ups, and medication for the employee and a number of their beneficiaries. Their plan may cover dental care, as well.
In cases where employers offer employees a choice over their health plan, employees may opt in hospital care or indemnity insurance. Employees typically choose group rates for hospital or indemnity insurance. Group rates offer the same coverage as insurance paid for individually at a fraction of a cost.
Life and Accident Insurance
Giving employees life insurance may seem intimidating for business owners. However, business life insurance provides cover not only for employees but for the business as well. Life insurance is advantageous as it is protected in case a business goes under.
As with hospital indemnity, life insurance can be purchased en masse. Group life insurance and group long term/short term disability insurance can protect a company from losses in case an employee gets injured. Including these in an employee’s package can give a company’s benefits package the competitive edge.
Office work inevitably means using digital devices for eight hours or more, depending on an employee’s shift. The use of computers, cellphones, and other digital devices extend beyond the office. Long-term and improper use of digital devices may cause short-term eyestrain or short-sightedness in the long run.
A few companies offer vision care to their employees to offset the amount of time they spend on digital devices. Services offered under vision care insurance are eye exams and fittings for contact lenses, eyeglasses, and frames. A prescription may also be covered by vision care insurance.
Domestic Partner Benefits
Just because employees are not married to their partners doesn’t mean their dedication to each other isn’t the same. Married employees get to name their spouse and children as beneficiaries, but what about those with domestic partners? Insurance companies are beginning to realize these complications, as well as companies who are beginning to offer domestic partner insurance.
The term domestic partnership applies to heterosexual and same-sex couples. Domestic partnership insurance ensures that the partner of an employee can receive insurance coverage as a spouse would. Biological children, stepchildren, and legally-adopted children of domestic couples can be recognized and placed as beneficiaries depending on the insurance type.
Better health, dental, and vision insurance are cited by job seekers as deserving of heavy consideration, more than work-from-home options. These may seem daunting to give job seekers and employees an extensive suite of insurance, but a bump in expenses at first beats rehiring.