Which benefits matter?
Many articles have been written to determine which benefits employees value most. One report from the U.S. Chamber of Commerce lists the most popular employee benefits.
These benefits include:
- Health insurance
- Retirement savings plans
- Employee insurance
- Assistance programs that may include paid time off and paid holidays.
Outside of monetary and health-related benefits, benefits that are typically appreciated include:
- Employee focus
- Scheduling flexibility
- Pleasant work environments
- Healthy home/life balance
Having these additional benefits show employees that they work for an employer that cares which, when coupled with health and retirement benefits leads to increased employee retention.
Employment verification falls within the employee focus benefit. HR departments that ensure a quick turnaround for employees managing critical life events such as purchasing a house or car let employees know that they are valued. The faster that HR departments provide an employee’s information to lenders or background check vendor verifiers, the quicker employees determine the status of a mortgage or new job.
If providing timely employment verification is a costly and challenging process for your department, there are options. A popular choice for many companies is to outsource employment verification.
When outsourcing employment verification, be sure to select the best employment verification vendor for your department. The best employment verification vendor will carefully take your department and organizational needs into consideration when structuring the best program for you.
Doing so enables your team to focus on critical initiatives that make an immediate difference to their company without concern for the management of your employee’s life events.