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We recently counducted a survey of hourly employees; of those surveyed, 80% indicated that benefits were important in their decision to join or to stay with an employer. Benefits make a difference. What benefits do employees consider important?
There are a variety of benefits from which to choose, employees that participated in our survey ranked the following highest:
- Medical coverage
- Dental coverage
- Paid vacations
- Paid sick leave
- Vision coverage
- Prescription drug coverage
- Short Term Disability (STD)
The list is probably not a big surprise, but what was remarkable was the large margin by which medical and dental plans were ranked over paid vacations and paid sick leave. Clearly, these are the benefits that employees want most.
Benefits can provide a competitive edge.
Most new jobs are being created in industries that have not traditionally provided benefits. The employer who can satisfy employees' need for healthcare benefits will have a competitive edge in retaining and attracting quality core employees.
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