Attract Top Talent With Employee Benefits in Kelowna
Nestled in the southern corner of British Columbia, Kelowna boasts great weather and beautiful landscapes. The city boasts more than 2,000 hours of sunshine per year, making it a good place for those who enjoy warm weather. The climate makes it a popular city with young professionals and remote workers, many of whom work for local companies.
If you are a business owner or a hiring professional, you know the importance of offering comprehensive employee benefits. Job candidates do not simply look for health and dental insurance. They want retirement options, wellness programmes and financial products. In other words, employees want benefits to supplement every aspect of their lives. Offering comprehensive employee benefits in Kelowna is critical if you want to attract and retain the best employees.
Here's a quick reference guide to the basics of employee benefits for all business owners to consider.
Types of Employee Benefits in Kelowna
In the past, employers did not need to offer more than a competitive salary and health insurance to attract workers. Workers did not expect much beyond a salary or hourly wage and Christmas bonus. However, the benefits included in a job candidate’s remuneration package have changed in recent years.
Workers now expect perks beyond a basic benefits package. You may want to offer the following benefits to your employees:
- Medical insurance, including dental and vision coverage
- Profit-sharing plans and stock options
- Retirement options and pension plans
- Tuition reimbursement
- Professional development opportunities
- Wellness solutions, including discounted gym memberships
In general, employees in Kelowna want variety when it comes to plan options and monthly premiums for medical, dental and vision coverage. Some employees may want more coverage due to a specific condition, while others may want minimum coverage.
Advantages of Offering Employee Benefits in Kelowna
There are several benefits of offering a comprehensive benefits package to employees. Even though these programmes cost employers money, the advantages are usually worth the money.
Boost Productivity
Offering a variety of benefits demonstrates to employees shows your commitment to investing in their health and well-being outside of the office. For example, some companies partner with wellness solutions to offer discounted gym memberships. These discounts may encourage your workers to exercise more regularly, which can boost morale and improve productivity.
Attract Job Seekers
Offering employee benefits in Kelowna can help you attract top candidates. Job candidates who graduated from top universities and have years of experience have lots of choices when they are looking for a new position. Those in the hiring market are looking for more than a high salary.
Job seekers may want benefits such as tuition reimbursement or stock options. Make sure you offer a variety of benefits to employees, even if you worry about the cost. Offering a solid benefits package will ensure the best candidates accept jobs at your company, which could help boost productivity and sales.
Reduce Employee Turnover
Many employees consider benefits to be an important contributor to overall job satisfaction. If they are not happy with the benefits, employees may start looking for a new job after a few months. Employee turnover is not only time-consuming, but it can also cost your company a lot of money as you train and recruit new workers.