Current Trends in Employee Benefits Programs

Nowadays, the hiring market expects companies to offer their employees bountiful benefit packages, which enable them to attract and retain top employees. The first popular benefit is offering employees superior healthcare insurance (Caillier, 2017). This benefit ensures employees to stay in good health and reduces the number of days they go on sick leaves. A survey conducted by the Harvard business school team showed that 88 % of employees considered this benefit when accepting a job offer (Caillier, 2017). The second benefit is offering flexible job schedules to employees. This means employees have a compressed workweek. This benefit allows employees to manage their personal and professional obligations (Fisher, 2017). Also, it increases employees’ morale because they feel the company understands and cares for their personal needs. Lastly, it increases the employee’s loyalty and productivity. According to a survey conducted by Flex Jobs, many individuals prefer this benefit above healthcare and salary (Fisher, 2017). Employee Benefits Programs 

Employee Benefits Programs
Employee Benefits Programs

Employee Benefits Programs, The third popular benefit is offering extra vacation time to employees (Caillier, 2017). This benefit increases the company’s appeal to potential employees. Employing skilled and devoted workers create a secure business foundation and differentiate it from other companies. A survey conducted by Glassdoor in 2015 concerning employment confidence showed that 80 % of respondents regarded this benefit as being more appealing when accepting a job offer (Fisher, 2017). The fourth popular benefit is offering employees student loan support. This benefit enables the company to attract the best young candidates. Also, these benefits help increase the productivity of candidates and their work quality. According to a survey conducted by SHRM showed 52 % of fresh graduates prefer working in companies that provided this benefit (Fisher, 2017). The last popular employee benefit is offering employees paid parental leave. This benefit enables employees to earn salaries and pursue their careers while catering to their newborn or child (Caillier, 2017). Also, this benefit increases employees’ performance because they believe that the company has their best interests. A survey carried out by annual benefits should that 24 % of women employees preferred working for companies that offered this benefit (Caillier, 2017). APA style