To attract and retain the best talent in the workplace, employers need to offer more than just a single financial incentive… aka salary.
You must offer an appealing benefits package too featuring a range of ‘perks’, whether this be flexible working arrangements, gym memberships, or programs to maximize tax salary.
Finding a benefits provider that aligns with your organizational goals and values is crucial to promoting an exceptional working environment for your employees.
With over 30 years’ experience in the employee benefits industry, we’ve worked with hundreds of organizations developing tailor made programs specific to each company. We know the questions you should be asking when choosing your employee benefits provider.
Question One: What Do Your Employees Want?
The purpose of an employee benefits program is to attract and retain the best talent. Therefore, the focus is on the employee and what the employee wants.
You must consider what your employees value and want in your new (or refreshed) employee benefits program. Understand the demographics, working patterns of your organization and company culture. Most importantly, talk to your team!
When looking at the financial goals of your team specifically, do your employees want to save on their new car purchase, save on their professional development or home office? Remunerator are here to help you develop and promote a novated leasing and salary packaging program that is aligned with your organizational goals and what your employees actually want!
Question Two: What Do Your Employees Need?
So, you feel like you have a clear picture of what your employees want? Now consider what they actually need.
Satisfying what your employees need will help them in the long term and end up being more beneficial. For example, employees might want a nap room and beanbag chairs in the lunchroom but, they really need programs to encourage physical and financial health.
The purpose of the employee benefits program is to make their lives easier and make their working experience more enjoyable.
Question Three: Is the Benefits Provider an Organizational Fit?
Does your shortlist of providers offer a range of benefits that are aligned with your goals?
What are their core benefits? Is there any flexibility in their offering?
Is the benefits provider willing to tailor their program to fit your organization or are you looking for a one-size fits all approach?
These are important questions you must address when selecting the provider that is right for you.
Looking at reviews will give a clear picture of what the employee benefits provider is like to partner with.
Remunerator are proud to be the highest rated novated leasing and salary packaging provider in Australia with a 4.9 Google review ranking.
Are you ready to get started developing your employee benefits program? Our business development managers are here to help develop a plan that is aligned with your goals and offer the benefits wanted and needed by your employees!