“According to a survey conducted by the Kaiser Family Foundation, almost 9 in 10 large employers offer an employee wellness program. What can staffing companies, and the organizations they partner with, gain from implementing a financial wellness program? This often overlooked, and easy-to-implement- employee benefit is the perfect way to gain that competitive edge your staffing company needs to retain and attract employees in today’s ultra-competitive market.
Candidates hold all the cards right now. If your staffing firm is not focused on creating the best experience possible for candidates, they will take their business elsewhere.
Candidates Call the Shots
A Recruiter Nation Report, published by Jobvites, finds recruiters and HR professionals believe that providing substantial benefits and perks are essential to hook prospective staff who now shop around in this area.
Source: Precision Global Consulting: US Staffing Industry Trend to Watch 2022
Staffing firms need to reconsider the benefits that they and the companies for which they recruit offer to employees post-COVID in order to align with new budgetary constraints, a changing workforce dynamic and different employee needs.
With “The Great Resignation” in full swing and candidates demanding more benefits, raising pay has swiftly become a standard requirement. As a result, employers will need to look at implementing other benefits to attract and retain talent and stand out among the competition:
Offer alternative workdays between their homes and a physical site.
Transportation to and from work for employees who may need it
A mobile communication platform to digitize the employee experience for gig, temporary and direct-hire workers
Ensure workplaces and office spaces are safe
Career advancement opportunities
The American Staffing Association found a better post-holiday start in staffing employment with almost 14% more staffing jobs reported in mid-January 2022, compared with the same period in 2021.
An ongoing pain point for recruiters is ensuring a robust compensation package can be offered to candidates every level, paying particularly close attention to healthcare benefits, earned wage access, and other solutions that are attractive perks of the job.
Learn how thousands of companies have improved their retention, recruitment, and engagement by offering Payactiv.
* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 877-747-5862, 24 hours a day, 7 days a week.
** Central Bank of Kansas City is the issuer of the Payactiv Visa Prepaid Card only and does not administer, endorse, nor is liable for the Payctiv App.
1 Standard rates for data and messaging may apply from your wireless provider.
Google Play and the Google Play logo are trademarks of Google LLC.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.