Member Article

Employee benefits are a must for recruiting staff

The right employee benefits are essential to plan your business and attract and keep the right staff, human resources experts from WR Financial have said.

Tony Slimmings, Director at WR Planning Group, has said while this is key in booming industries such as oil and gas, where there are shortages of skilled workers, an appropriate benefits programme is vital to any business.

Tony, who is an expert in human resources and is furthering his skills by undergoing a Masters’ Degree at Northumberland University, said businesses who failed to invest time in putting together the right packages for employees may have problems retaining the right staff, leading to difficulties in the future.

WR Planning Group, which includes WR Financial, provides expert support and advice for businesses in all types of employee benefits, including pensions, insurance, human resources management and strategic planning.

Tony said: “People are a business’s biggest asset. Without the right staff, a firm will struggle to meet their goals. Businesses must look at what they are offering employees to gain the right type of applicants with the appropriate skills and experience. This will vary tremendously according to the role which is needed.

“For example, an oil and gas firm looking to recruit and retain experienced engineers would probably offer a package including favourable long-term benefits, such as a final salary pension and healthcare, because the type of candidate the company will want to attract will probably be looking at the long-term picture and be more interested in stability for themselves and their families.

“However, to attract a graduate, you would be looking at a completely different package. Most university leavers who are starting their first job will want an employer who invests in their training and career development, and they will be less concerned about long-term benefits such as private health insurance and pensions.

“To stay ahead of their competitors and ensure they have the right skills and experience in place, firms need to sit down and have a look at where they want their business to be in the future, as well as where they are now, then take professional advice on how to put together the right package of employee benefits to not only attract, but also retain, members of staff with appropriate qualifications, skills and experience.”

This was posted in Bdaily's Members' News section by Recognition PR Business Team .