The world has seen a huge shift over the last couple of years in many different aspects of our day-to-day life but especially in the workplace. What attracts and retains quality employees and talent has shifted to the new normal and many businesses are realizing it may be time to reevaluate their current benefits/total rewards packages.
According to research by the Society for Human Resource Management, “Among 42% of HR professionals have implemented new or additional remote-work or flexibility options to reduce turnover, 32% have implemented new or additional employee referral bonuses, and 28% have introduced new or additional merit increases.”
Flex work, telecommuting and greater work life balance are a standard part of the workplace now. Employees expect affordable health insurance, pharmacy assistance, telemedicine, financial & health wellness options, and fair compensation. Employees have options and employers are increasingly having a hard time finding qualified staff to fill vacancies. Many companies and HR professionals are busy getting the basic day to day business done and lack the resources/time needed to be spent on a benefits analysis to identify gaps in their current offerings. There are only so many hours in a workday and being short staffed isn’t helping.
How are your benefits stacking up in the post-pandemic workplace? When was the last time you took a comprehensive look at the Total Rewards package you are offering current & prospective employees? If it’s been over a year – the time to start is now. Premier Workforce Solutions can help you get started and provide the creative solutions and bandwidth your team needs.