Top Employer Benefits Strategies

Top Employer Benefits Strategies

Research any one of the top employer lists frequently posted by top news publications or industry journals, which you can search for using the Internet. Once you have found the information, complete the following:

APA

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Top Employer Benefits Strategies

• Read the top 25 employers on the list.
• Note how many of these employers made the list because of their compensation and/or benefits policies, and also note the specific compensation-related policies that were mentioned.
• Log which policies were mentioned.

Based on your research about top employers, prepare an analysis of your findings in a report. In not more than two pages:

• Prepare a chart listing at least 10 of the top employers, their ranking on the list, and the compensation or benefit that was cited as a reason for being a top employer.
• Review your list of employers. Can you make any determination from that list? Is there a pattern that makes for a top employer in compensation and benefits? What characteristics do you view as being more important than others?
• Conclude with a recommendation for the company’s HR manager. Explain what standards you think are critical to becoming recognized as a top employer with excellent compensation and benefits policies. In other words, create the standard you think your company should follow. Justify your recommendations.

Your assessment should also meet the following requirements:

• Length: Not more than two pages.
• APA format: Use current APA style in citing and referencing your sources.

Analysis: Patterns & Key Characteristics

Predominant Pattern:
Major healthcare insurers dominate the list, indicating that companies providing health-related services tend to champion superior compensation and benefits—particularly those centered on healthcare coverage.

Important Characteristics Identified:

1. Comprehensive Healthcare Plans: Almost all listed companies highlight extensive medical, dental, and vision insurance.

2. Wellness and Preventive Programs: Many offer wellness initiatives, reinforcing preventive health care.

3. Retirement Matching: Although less explicitly cited among top employers, Paycor notes that financial wellness and retirement matching remain trending benefits factorialhr.com+13paychex.com+13cambiahealth.com+13compt.io+1forbes.com+1paycor.com.

4. Professional Development: Companies like Cambia emphasize career growth and learning opportunities, which contribute to retention and satisfaction cambiahealth.com.

These characteristics underscore that to be perceived as a top employer, organizations must offer health-focused benefits, financial stability, and personal/professional growth opportunities.

 Recommendation: HR Standards for Becoming a Top Employer

HR managers should align their compensation and benefits strategy with these critical standards:

1. Robust Healthcare Coverage

   • Provide comprehensive medical, dental, and vision insurance with minimal employee cost-sharing.

2. Wellness & Preventive Health Initiatives

   • Implement wellness programs (e.g., fitness memberships, mental health resources, health screenings).

3. Financial Security Benefits

   • Offer competitive retirement matching (e.g., 401(k) with employer match).

   • Provide financial wellness programs, often through HSAs or financial planning tools.