As the new year is about to begin, employees’ benefits specialists are sharing their expectations for the future. Benefits for employees play an important role; pros know how tough it is to keep their best employees. So, many employers are upgrading their game when it comes to offering their employees a comprehensive benefit.
I am quite sure after reading the above para; few questions must be striking in your mind:
- What are the essential benefits that organizations need to consider in 2020?
- How can an organization decide what’s right for employees from a myriad of offerings?
Let’s look into a few key developments and find out how it’s shaping the world of employee benefits.
1. Offer Professional Development Programme:
We all are aware that the reskilling revolution is upon us! With the ongoing shortage of skilled professionals in the market, the organization should offer professional training development programs. Such programs allow employees to perform better and prepare themselves for more responsibilities. These benefits also help recruiters to attract top talent and retain the best employees. However, ongoing professionals’ development is an appealing trend that attracts candidates and employees who are looking to upgrade their skills in a changing world.
2. Save Time With AI:
2020 is the era of the youngest working generation, Gen Z. As this generation is tech-savvy, including technology in the process will help young recruiters in the hiring process. To save the time of employees, the organization should adopt automation tools. For example, recruiters can use technology to speed up resume screening data and speed up their hiring process.
3. Flexible Schedule:
Flexible working hours allow employees to work as per their convenience. A flexible schedule benefit is widely appreciated by the employees, even by Gen Z and millennials. This benefit can boost morale and improve their physical and mental well-being. Working from home is likely to be less tiring, reduces fatigue, and burns stress. Even this will help recruiters in attracting applicants. Some applicants are actively looking for jobs that allow them to work flexibility. This benefit will enable the recruiting team to recruit talent, which was out of their reach.
4. Health Insurance:
Offering the benefit like health insurance is important because this shows them that the organization is investing not only in their health but in their future as well. Health insurance is a solid employee benefit that helps recruiters to showcase their policies in front of candidates to attract them. This also differentiates your organization from competitors. Such benefits will improve the company’s bottom line by engaging employees to participate in well-being programs.
5. Gig Economy:
Working with a new workforce gig economy is the perfect benefits package for candidates. It provides a free marketing system in which temporary positions are common. The organization can contract with independent workers for short-term engagements. For Example, Gig economy employees in the workforce include freelancers, independent contractors, or part-time hires.
These tips can improve your approach to attract candidates who can make your business more successful.