Why Employee Benefits Are Important
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Transcript of Why Employee Benefits Are Important
![Page 1: Why Employee Benefits Are Important](https://reader035.fdocuments.in/reader035/viewer/2022062318/602f6e89c0add32a1c405c77/html5/thumbnails/1.jpg)
Why AreEmployeeBenefits
Important?
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What are employeebenefits?
Employee benefits also called perks orfringe benefits, are granted to employeesalong with salaries and wages
These employee benefits packages coverovertime, medical insurance, vacation,profit sharing, and retirement benefits, etc
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Why are employee benefits important?
Attracting and
retaining talent
Attracting new
employees with the apt
skill set for the job
Engaging your
employees and
increasing productivity
Improving employee
health and well being
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Protecting your
employees from
sudden financial
hardship, like an injury
or the loss of a spouse
Bridge the generation
gap – satisfying both
the youngest and
oldest in your
workforce using
employee benefits
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Popular Employee Benefits
AccidentalDeath andDismember
ment
Basic LifeInsurance
CriticalIllness
Healthcare— MedicalServices &Vision Care
Dental Care
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Top reasons that youshould offer added
benefits to youremployees
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Increase Your Appeal
Offer tangible benefits thatdifferentiate your business from themasses
Introduce employees benefits likepaid vacations and holidays, healthplans, and retirement plans
To draw skilled and dedicated workers onboard
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Minimize Your TurnoverRate
Offering benefits packages makes employeesstick around for the long run
Showing that you have their best interests inmind and value their job performance
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Better MoraleBoosting of employee morale
By understanding and addressingthe needs of your workforce
Showing that you care about yourworkers is a natural way to increasetheir loyalty and to get their bestwork in return
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Healthier Employees
The workforce should be in good health
Regular checkups and taking preventativemedical steps
Ensuring employees don't take many sickdays
By offering sick leave, so that workerswho are sick won't infect others
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Better Job Performance
By giving benefits, you provide employees moreof a reason to care about your company andstay loyal
They would be willing to work harder, whichcan lead to greater productivity and higherquality
Creating a durable workforce and position yourbusiness as an industry leader
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