Nick Otto writes for Employee Benefit News about the strategies employers are using to keep their healthcare benefits offerings competitive and attract and retain talented employees.
Read the full original article from Employee Benefit News.
Strategies include increases in health and wellness offerings, as well as offering coverage for spouses and domestic partners. However, many employers are looking forward to the possibility of the ACA excise tax taking effect in 2020, which may slow this growth and lead to eventual cut backs.
Despite the looming tax, nonprofits that cannot offer the most competitive salaries must continue to offer better benefits to recruit and retain top talent. “Recruiting difficulty has continued to increase over the last five years, and competition for talent is high,” added Shonna Waters, vice president of research for SHRM. “Most companies are now using benefits as a strategic tool for recruiting and retaining talent in this competitive environment.”
Learn more about how nonprofit organizations can offer better benefits to attract the best employees in our white paper, Using Employee Healthcare to Retain and Recruit Top Talent:
