As an employer, your goal isn't just to promote your organization's products or services. You also need to promote your organization as a desirable workplace. After all, recruiting and retaining top talent is essential for growing your business.
Becoming an employer of choice means more than offering a competitive salary. It involves creating a positive work environment, building an outstanding brand, and crafting a strong culture.
In this article, we'll cover five ways your organization can become a preferred employer so you can attract and retain talented employees.
In this blog post, you'll learn the following:
- Why employee benefits play a key role in attracting and retaining top talent.
- How to create positive relationships between managers and employees.
- How employee recognition can create a happier, more productive workforce.
The first step toward becoming an employer of choice is defining what type of person you're trying to hire. Are you seeking someone who aligns with your company's mission, vision, and core values? Or are you looking for those you can teach and help grow?
As an employer, you can't be everything to everyone, and you don't want to be. You only want to recruit and retain people who fit your company culture.
By hiring excellent employees from the start, you'll be able to help them down the path to promotion when your organization is ready for more leaders. This saves you time and the hassle of training external hires for essential management roles when they may not understand the company.
The next step toward becoming an employer of choice is to understand what your ideal employee may look for in a company. Providing perks and benefits that are appealing to potential applicants can simplify the recruitment process.
Many lists are available with the top perks employees want. But, the benefits you should focus on are the ones that appeal to your workforce and match your company values.
For example, if you own a snow sports retail store, you likely want to attract outdoor enthusiasts. Offering a perk like discounted ski passes or deals on sports equipment will help you attract that kind of employee.
Likewise, if you own a growing tech startup in a large city, you likely want tech-savvy employees. For this workforce, a gym membership, mobile app subscriptions, or commuter benefits like transit passes may align well with your ideal employees.
To help figure out which benefits you should offer, you can conduct an employee survey. This can tell you what benefits and perks your current employees value the most.
If you're short on time to conduct a survey, there's a wide range of employee-approved benefits to choose from.
According to our 2024 Employee Benefits Survey, the benefits employees value the most are:
Let's dive into a few of the top benefits you can offer your employees to become an employer of choice.
Employees expect potential employers to offer them health benefits. Many health benefits options are available, such as traditional group health insurance. However, small employers may find traditional group health plans too costly and complex. Traditional benefits also don't provide much flexibility for your employees' unique needs.
Thankfully, there are affordable alternatives to traditional group health insurance. One such option is a health reimbursement arrangement (HRA).
A stand-alone HRA is an excellent low-cost and flexible option. It allows you to reimburse your employees tax-free for their individual health insurance premiums and qualifying medical expenses. This gives your employees more choices over their health insurance policies and quality of care.
Three of the most popular types of HRAs are:
Employers set monthly allowances for employees. Employees can’t surpass this amount, making an HRA a predictable, budget-friendly benefit.
Employers of choice recognize the importance of work-life balance. Giving your employees plenty of time off is a great way to keep them around. Your employees need time away from work to relax, de-stress, and spend time with their friends and family. Employees who take time off are likely to be more productive and have higher morale compared to those who don't.
A healthy workforce is a productive workforce. Josh Miller, the HR Manager and CEO of Clean Carpets1, practices this at his company.
"Throughout 2024, investment in mental and physical well-being has remained one of the top priorities for our employees," Miller said. "Resources ranged from health benefits to wellness workshops that supported the health of our team."
Some popular wellness benefits include the following:
Additionally, you can also offer nutritious food options in the workplace to support healthier eating habits.
You can also provide access to mental health resources that support the overall well-being of your employees. This includes counseling services and stress management programs.
If you want to entice prospective employees and become an employer of choice, you should consider offering more flexibility in their work arrangements. Our report found that 57% of workers said it’s important to have access to remote work or a hybrid work environment.
"Clean Carpets believes that one of the most important things in retention is a work-life balance," Miller said. "That's why flexible scheduling and supporting personal time off really make the difference to keep our workforce happy and productive."
If you have employees working from home, consider offering them a remote work stipend. You can reimburse your employees for their home office set-up costs and monthly or internet bills with a remote work stipend. A remote work stipend helps you set your remote employees up for success and satisfy laws in states that require remote employee expense reimbursement.
Another popular benefit for employees is flexible work arrangements. If your employees work remotely, you can let them choose their work hours. This is a great way to attract future employees who have children, as they won't need to find a daycare or have someone pick up their kids from school. It also allows employees to schedule dentist appointments and doctor visits during the workweek so they can stay healthy.
Supporting career development is another excellent way to improve employee engagement and employee retention.
Miller has implemented several strategies to position his organization as an employer of choice, such as emphasizing professional development.
"We outline clear career growth trajectories for each and every function," Miller said. "We've made sure, through regular one-on-one check-ins, that individual goals are aligned with company objectives so that everyone can see a path forward for themselves."
To show your employees you care about their futures, you can offer professional development opportunities such as seminars, skills training, and education benefits like tuition reimbursement. Supporting them in achieving their professional goals can lead to increased employee loyalty. Your employees are more likely to have long-lasting careers at your organization rather than search for better opportunities elsewhere.
Next on your list to become an employer of choice and improve your employer brand is researching how you stack up against your competition. Potential candidates and your current employees may already be doing this to ensure they have the best opportunity.
While it may seem daunting to compete with other organizations, particularly when it comes to salaries that are on or above the market rate, don't underestimate the value of providing unique employee benefits.
According to our report, 81% of employees said the benefits package an employer offers is an important factor in whether they accept a job with an organization.
Here are a few ways you can get a sense of how your comprehensive employee benefits package compares to the competition:
Another important step toward becoming a preferred employer is offering a challenging but manageable workload. Achieving this blend may look different depending on the role or team member.
Keep these questions in mind when you're evaluating your employees' workload:
On top of keeping day-to-day work engaging, you also want to offer continued growth and advancement opportunities for your employees. This includes a clear path to promotions and regular evaluations.
Finally, it's important to acknowledge your employees for their hard work and dedication. This contributes to a more engaged workforce and a positive workplace environment.
"Building a culture where every employee feels respected and recognized has been paramount," Miller said. "We celebrate milestones, offer peer-to-peer recognition programs, and encourage bottom-up feedback to make people feel heard and appreciated."
A survey by Bonusly2 found that 82% of respondents believe that recognition for their achievements is an important factor in their workplace happiness. Moreover, 63% of respondents who felt recognized at work reported being less likely to look for a new job in the next three to six months.
Here are a few ideas for promoting employee recognition and showing employee appreciation:
Employee recognition can also improve employee engagement and productivity while establishing a desirable company culture.
To become an employer of choice, you have to go the extra mile for your employees. This requires a strategic blend of leadership, culture, and benefits that resonate with the aspirations of today’s workforce. It’s not just about offering competitive salaries. It’s about building a workplace environment where people feel valued, heard, and inspired.
If you're looking to offer personalized employee benefits that help create a positive employee experience and attract the potential employees you want, PeopleKeep can help! With our HRA administration software and in-house customer support, you can easily set up and manage your health benefits in minutes.
This blog article was originally published on January 12, 2015. It was last updated on September 26, 2024.