How Small Businesses can Attract Top Talent with Affordable Employee Perks

The ability to attract and retain top talent is often tied to the amount of compensation that you pay your employees and the benefits package that you offer.

Everything from a wellness center to employer-matching retirement contributions can entice job seekers to apply for a position. Benefits can keep your company attractive for current employees too, preventing them from growing unsatisfied with their position and leave. However, the unfortunate reality is that these benefits can cost a small fortune, and it often is not financially feasible for a smaller business to pay for them. These ideas will help you to offer some perks and benefits on a smaller scale to your employees.

Happy employees

Group Health Insurance or HSA Programs

Health insurance is one of the hallmarks of a great benefits package, and many large companies will pay for a large portion of the employee plan for their workforce.

Even if you cannot afford to do this, keep in mind that a group coverage rate on an affordable plan is often better for employees than not having a plan at all. A health savings account, or HSA, may also be offered in conjunction with this as an additional benefit.

Flex Time

Flex time is a great option to consider because it may not cost your company a dime. In fact, if you allow your workers to telecommute from home once or twice per week, you may save money on office supplies, some utilities and more. Plus, this gives you a more laid back office culture that many are looking for.

You need to be careful, though, because if it’s done wrong, it could backfire. So, be sure to ask for feedback.

Group Health Events

You may not have the money or space available to invest in a full fitness center for your office, but you can plan and coordinate more-affordable group health events. For example, from time to time, you may have a yoga instructor come into the office to give everyone a healthy break. You may also structure a team running event, such as for a charitable organization, which your whole office can choose to either run or walk in. These events will build a sense of community within your business that bonds your team together.

These are only a few of the great ideas that you can implement that can make your office more attractive to work in. Take time to brainstorm a few ideas, and consider asking for feedback or ideas from your team as well.