Employee benefits: 5 tips on how to choose the most appropriate for your business

Benefits should align the company’s goals with the best practices in the market and workforce demands

Granting employee benefits is a well-known HR strategy used to attract and retain top talent for businesses.

The effective implementation of benefits can add to a company's reputation, consolidating its image as an employer committed to its staff’s well-being.

But what benefits should a company put in place? How to ensure that they are in line with the expectations of different workforce talents? Check out a few tips below:

1. Check the labor laws and collective agreements

This should be the starting point of the whole planning process. After all, when it comes to benefits, some of them are mandatory, as per the labor legislation. These include payments for the Employee’s Severance Indemnity Fund (FGTS), vacation, Christmas bonus, transit pass, and others which are defined by law or provided for under collective labor agreements.

In doing this, companies will remain compliant with the rules, and will then be able to offer additional benefits to boost its attractiveness.

2. Know the employees’ needs

An ideal benefits policy should align the company's goals and culture with its employees’ characteristics and expectations. Therefore, it is worthwhile to conduct internal surveys to learn which benefits are most valued, considering factors such as age, household, interests and particular needs.

3. Offer a variety of benefit options

Offering a diverse range of benefits makes different employee segments satisfied. The options range from healthcare and dental plans to wellness programs, including gym membership and healthy meals, as well as activities that promote personal and professional development.

4. Stay up to date with new market trends and requirements

It is crucial that companies stay up do date with the rules, trends, and best practices for granting employee benefits. This entails keeping up with the latest changes in labor laws and the new demands from employees and applicants, such as the growing concern surrounding work-life balance, mental health support, flexible working hours, and remote work arrangements.

See also:Provisional Decree that regulated remote work and meal vouchers signed into law

5. Review benefit plans on a regular basis

Choosing the right benefits for your company should be seen as an ongoing endeavor subject to continuous improvement. Thus, it is important to review benefit plans from time to time, taking into account shifts in employee needs, changes in the workplace, and other factors.

Labor compliance and optimal management of benefits

Domingues e Pinho Contadores provides benefits management services to assist companies in the purchase of benefits and conformity to labor and social security laws, ensuring full compliance. Contact our team of specialists at: dpc@dpc.com.br.

Read more: Discover 7 advantages of outsourcing benefits management