Here's what it takes to attract and retain the best and brightest talent in today's competitive marketplace. Flo Nixon Attracting and retaining talent has always been a challenge for medical device companies, and today's surging economy and tight labor force raise the stakes. The good news for employers is that the generous, creative benefits they provide can translate into good workers who stay with the company and produce at maximum efficiency. And, surprisingly, quite a few popular perks that can attract great employees will cost your company's bottom line very little.
Employers can also save substantial sums of money by keeping employees happy.
The first steps in ensuring that professionals will want to be part of your company is being sure that you're paying competitive salaries and offering the basic benefits that employees have come to expect. After all, people who are interviewing to work for your company have already done this themselves. And keep in mind that in today's market you may have to pay new employees more than what you're paying current workers in the same position. These plans let employees use pretax dollars to pay for an array of benefits that best suit their personal situation. This benefit is especially valuable to employees who are starting families.