![]() ![]() Providing an excellent benefits package, such as 100% paid health insurance, modern workspaces with all the latest productivity tools, and a safe and welcoming work environment, are all things that matter when it comes to recruiting and retention.Ī 2018 survey by ServiceNow found that what employees want more than money is meaningful work. In addition to our profit-sharing plan, for instance, we put a significant amount of profit back into the company. ![]() Your benefits also need to be competitive. After all, I’d rather give a raise to someone who’s at work and already very productive than lose that person to another company and have to start from scratch with someone new. Ensure you do this for every role as well, not just engineering. I recommend not only doing a lot of research on competitive salaries when onboarding someone new but also conducting a checkup each year to make sure you're still competitive. Many firms hire an employee and give them standard cost-of-living raises occasionally without ever really looking again at what they’re worth in the open market. Pay them competitively, and reassess salaries and benefits often. When I said family and health come first, for example, we decided to fully fund health insurance for employees. Tap into that.Īnd whatever you declare, support your tenets with tangible evidence everyone can see. I believe if there’s one positive from the pandemic, it’s that it forced many of us to rethink (or perhaps remember) what’s important. “Work hard, play hard” might sound great to some, but what about the people who want to “work hard and relax” at the end of the week? My advice is to think beyond your business. But in reality, whittling down all the things that guide your day-to-day business behavior and actions, and declaring just two or three of them to be a core tenet, requires a lot of introspection. This sounds easy, right? Just jot down your company’s core values, and you’re on your way. ![]()
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