Benefits That Can Keep Employees With Families at Your Business
Employee turnover can be one of the most frustrating parts of running a business. If you constantly find yourself losing employees, it may be time to reevaluate the benefits your company provides. For employees that have families, the following benefits can motivate them to stay with your company.
If your employees have a family or are planning to start their family at any point, offering family leave as a benefit can be a big draw. The weeks leading up to and following giving birth can be some of the most difficult and exhausting weeks of a parent’s life. Whether your employee was the one giving birth or not, giving them the chance to spend those weeks at home can make a big difference.
If they gave birth, this gives them time to recover physically, as well as spend time with their new little one. If your employee’s partner is the one that gave birth, they can be there to support them and help them through this transition. They also get the chance to be more present in the first few weeks of their child’s life.
Another benefit you should consider offering to employees with families is healthcare. Regardless of the makeup of your employee’s family, they will have healthcare needs that should be regularly taken care of. Without proper health insurance coverage, these healthcare needs can be incredibly expensive and become inaccessible.
Private health insurance can also cost your employees thousands of dollars per month and be something they cannot afford. However, insurance is necessary. Dental insurance helps pay for any treatments so long as they’re medically necessary. Offering group health insurance coverage comes at relatively little cost to you but encourages your employees to stay at your company.
It is becoming increasingly common for both parents within a family to work full-time. This means that they need to find good childcare options for their children while they’re at work. Even if their kids are in school, they still have the after-school hours to consider. Offering childcare coverage can be one of the biggest draws for employees with small children. You can offer a certain amount of funds each month for childcare, or even host an in-office childcare program if you have a lot of employees with this specific need. Both of these options give your employees the freedom to concentrate on their work without having to worry about their children’s care.
Finding quality employees is one of the most important aspects of a business owner’s job. Your employees are what keep your company running smoothly, and determine how successful you become. To attract more employees with families, these are a few of the benefits you should consider offering.
Did you enjoy reading this article? Here’s more to read: How to Protect Your Business From the Great Resignation