Happy employees make for a happy business. Therefore, in order for your business to be successful you, must keep your employees satisfied with enough benefits and incentives to maximize their productivity. The best way to do this is to offer employee benefits beyond the legal requirements. Here are the top four reasons why you should offer added benefits.
1. Reduce Turnover Rate
Very seldom do businesses improve and make serious progress when their workforce is in constant flux. When this happens, you'll lack a needed team of experts and overall talent, and you may also lose money by having to constantly train new employees. However, by investing in your employees and offering benefits, you show them that you have their best interests in mind and that you value their job performance—a great way to keep your workers around for the long-haul.
2. Create Better Morale
Employee benefits also boost morale. Employees are more likely to dedicate themselves to their jobs if their employer understands and addresses their needs. Knowing that they’re appreciated will satisfy your employees. Likewise, nothing stunts productivity quicker than feeling undervalued or neglected.
3. Better Job Performance
Showing that you care helps to increase employee loyalty and work performance. While offering employee benefits may be an investment, it will likely pay itself back in the long-term. Satisfied, healthy employees are more likely to be productive while on the clock, increasing the output of the whole company.
4. Healthier Employees
Offering health/dental plans and sick leave will help ensure that your employees are in good health. A comprehensive health insurance plan will compel employees to keep their health in check and visit the doctor when necessary. Also, preventative healthcare helps keep people healthier year round, so they won’t have to use as many sick days. Providing sick leave and letting employees go home if they're ill, keeps your other employees safe from contagious infections like a cold or flu. The end result is a healthier workforce with stable productivity.
Supporting your staff is supporting your business. Call Sweet & Baker Insurance Brokers at (415) 512-2100 for more information on San Francisco employee benefits.