Why Employee Benefits Matter

Worried about losing your top performers or candidates because you can’t offer higher salaries?

In a tight labour market, benefits can bridge the salary gap effectively.

A comprehensive benefits package not only enhances the overall financial compensation but also demonstrates support and empathy for your team, particularly with the rising costs of living.

It’s good practice to revisit the benefits you offer every couple of years. Consider the following:

🐝 Are employees still accessing them?

🐝 If not, which benefits and perks better support their current needs?

🐝 Do your benefits measure up with what your competitors are offering?

🐝 Do they reflect what candidates are currently seeking from prospective employers?

💡 Hint: Aussie job seekers value benefits that support work/life balance and offer financial support. Consider flexible working options, mental health initiatives, financial planning and extra paid parental leave as a starting point. 

When was the last time you reviewed your company’s benefits?

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