Employee benefits play a big part in how well employers can recruit and retain employees. A SHRM survey found 72% of organizations that increased benefits did so to retain employees and 58% to attract new talent. With so much riding on benefits, it’s imperative to take the time to design packages that appeal to all of your employees’ wants and needs.
Follow these five steps to design an employee benefits plan within your budget that your employees will love.
Step 1: Define the goals and objectives of your employee benefits program.
Every program needs a road map to guide it