Fortune’s Best Employers 2016

Benefits Separate Fortune’s Best Employers from the Pack

Fortune Magazine recently released their TOP 100 employers to work for in 2016, and benefits are at the top of the list of reasons why they separate themselves from the pack. Just examining the TOP 2: Google and Acuity Insurance in Sheboygan, Wisconsin and you see some common threads. First, both employers pay most of the health insurance premiums for the employee. At Acuity for example, the employer pays 85% of the healthcare costs, provide an onsite fitness facility at no cost to employees, hold Weight Watchers clinics, free snacks, dry cleaning services, and massage therapy benefits.

One of the unusual Acuity benefits, is every 6 weeks, a group of employees gets to have lunch with an officer of the company. A simple luncheon to say thanks, and to allow employees to ask questions. A great way to listen and to add value, and all you’ve done is buy lunch for a few of your trusted employees.

At Google, outside of their superior compensation, there are an array of freebies that include teledoc services so employees can access healthcare from their work desk, three prepared organic meals per day, free personal fitness classes, free bike repair, onsite childcare, telecommuting, and college tuition reimbursement.

While most employers don’t expect to be in the TOP 100, what is clear when competing for the best talent – benefits matter and it’s not always about who has the best dental plan. Some of the additional perks don’t actually cost an arm and a leg. A discounted gym membership, discounted dry cleaning services, or simply lunch with the President, can make a big difference.

To explore some of the soft benefits for your firm, please give us a call. We’re great at brainstorming and providing benchmarks for comparison.

Burman S. Clark

Burman S. Clark, RHU, CSA is the President of Muneris Benefits and a licensed insurance broker and consultant. His independent practice and focuses on employee benefits, individual life, disability, medical, and senior products. Burman has traveled extensively and provided guidance to large employer associations with regards to the Affordable Care Act.