Diverse benefits plans are widely seen as one of the most important tools employers can offer to attract top talent—but companies shouldn’t ignore the impact benefits can have on retention.
Paycor examined our customer base of more than 30,000 medium and small businesses and discovered that as organizations offer more benefit plans, there is a significant improvement in turnover. Specifically, organizations offering six benefit plan types saw turnover improve 138%.
For many of the broker partners we work with, retaining talent is a major concern for their clients. But it doesn’t have to be. Check out our infographic below which details the importance of selecting and offering the right mix of benefits for employees.