Business Benefits Group (BBG), a Fairfax business benefits consultant, recently created a blog that describes what employee fringe benefits are and why they are important. These benefits can improve your employee retention rates, which in turn boosts morale and saves money on hiring costs.

Fringe benefits are forms of compensation given to employees in addition to their regular salary. Many companies factor fringe benefits into their total compensation packages for employees, leading new hires to carefully consider the benefits offered in addition to the stated salary. Basic fringe benefits, such as health insurance, are often the minimum benefits necessary for most candidates to seriously consider a job offer. More unique benefits can be offered to differentiate your business from the competition and entice talented job applicants to choose your company over similar organizations. The more competitive the industry in which you operate, the more fringe benefits you may need to offer.

Many traditional benefits, such as health insurance and paid time off, are basic benefits that most employees will expect from their workplace. Your company can also offer customized benefits based on your industry, location, and other factors. Discounted or free parking and public transportation passes will be appreciated if your company is located outside of city centers. Discounted access to nearby gyms can show that you are invested in your employees' wellbeing, while tuition assistance shows a commitment to their career advancement. If employees need to travel or maintain contact outside of traditional working hours, access to a company vehicle and cell phone can help them do their best work. Catered lunches or an on-site cafeteria can help busy employees eat better. When choosing benefits for your employees, consider the unique needs of your workforce and offer options that alleviate those pain points.

Contact the Business Benefits Group for more information about employee fringe benefits and assistance in creating a comprehensive employee benefits package. BBG can help your company select employee fringe benefits that set it apart from the competition and help you attract a strong workforce. The agency also offers a variety of insurance packages and other business services. BBG can be contacted online at https://www.bbgbroker.com/ or by phone at 844-201-3612. The company is headquartered at 4069 Chain Bridge Road, Top Floor, Fairfax, VA 22030.

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