Report: Packages Important in Attracting, Retaining Talent

Aug. 6, 2015

Aug. 6, 2015—A Fox Business report released on Wednesday highlighted the unique packages that companies put together to retain top talent.

Benefits have become more important than ever, the report said, and the more appealing they are, the more likely a talented employee will work for your business.

A 2013 article in FenderBender outlined the importance of solid benefits packages, and how collision businesses can use them to their benefit.

The Fox report stemmed from Netflix’s recently announced decision to give its workers up to a year off after the birth or adoption of a baby—an unlikely option for many smaller businesses.

But other companies offered a number of realistic options that collision shops could have capacity to implement.

For instance, Online rental service Airbnb, according to the report, pays part of its employee’s personal travel expenses; payment processor Square offers “wellness” programs; and website-building service Weebly gives employees $50 per month to help pay for house cleaning and errands.

These are some of the most unique examples, and the report outlined a handful more, but putting together an appealing package will benefit your shop in the long run. As stated in FenderBender’s previous article, these are the things to keep in mind when putting an employee benefit package together: health insurance, income support opportunities, retirement plan, and workplace policies such as PTO and paid training.

Sponsored Recommendations

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.

The Autel IA700: Advanced Modular ADAS is Here

The Autel IA700 is a state-of-the-art and versatile wheel alignment pre-check and ADAS calibration system engineered for both in-shop and mobile applications...

Boosting Your Shop's Bottom Line with an Extended Height Paint Booths

Discover how the investment in an extended-height paint booth is a game-changer for most collision shops with this Free Guide.