Employment expert explains how your company can shine as an outstanding employer
The national unemployment rate is just 3.7%. In August, 130,000 new jobs were created.
“The number of Americans who are currently employed is at a high of 157.9 million,” says Rob Wilson, President of Employco USA and employment expert. “Labor force participation has not been this high since August 2013. While this is great news for employers, it means that companies need to work harder to stand out to prospective hires.”
“Working with an employment solutions firm such as Employco USA is a wise way to stand out from the pack,” continues Wilson. “Not only will this help increase the number of candidates you reach and help streamline your hiring procedures, but a human resources firm can also help you to establish a robust benefits package.”
From an economic standpoint, you need to think in terms not only of salary and health insurance, but also a total compensation package, says Wilson.
“There are many benefits which today’s employees are looking for, including whether you match a 401(k), what is the value of the paid time off offered, along with medical, dental, vision, and life insurance” he explains.
Wilson also says that many companies are also now thinking outside the box when it comes to offering benefits to employees. “We work with firms which offer pet insurance plans, or paying a small amount each month towards the employees’ student loans.”
“Today’s young people are coming out of college with massive debt,” says Wilson. “And firms which are dedicated to paying off these loans alongside their team will be a top contender.”
Environment also plays a key role in helping employees choose which company to join.
“Workers want to feel like they are joining a team, a team which is excited and eager about their arrival,” says Wilson. “That is why on-boarding is so important, meaning that the new employee is guided not just throughout their first day, but really throughout their first year at the company.”
Wilson also says that company-wide activities like pizza parties or charitable efforts can help to boost morale and create a feeling of family amongst coworkers.
“Taking a half day each year to go volunteer at a soup kitchen is a great way for employers to improve their community and their company,” says Wilson.
For more on this topic, please contact Rob Wilson at rwilson@thewilsoncompanies.com.