3 Job Benefits Every Engineer Wants
Sure, salary matters when trying to hire and retain the top engineering talent, but don’t forget about offering a robust benefits package. In fact, some engineers, especially those from younger generations, feel certain perks matter more than annual pay. Being generous when it comes to benefits ultimately plays a big role when trying to foster the right culture at your company.
Let’s look more closely a few job benefits desired by today’s engineer. Consider offering them to ensure your organization is doing what it takes to attract the best. They also help keep your current team inspired, engaged and professionally satisfied.
Flexible Options for Health Insurance
Health insurance remains one of the most important benefits offered by employers, no matter the industry. However, professionals who work in technical fields, including engineering, expect something more than a generic HMO with a small network. Additionally, companies need to show generosity by covering a significant portion of the monthly premium.
Offering employees options and flexibility with their health insurance options is another wise approach. Some employees would rather have that money added to their compensation instead of opting for certain benefits, so they can buy their own individual policies. Every circumstance is unique, so it is best to empower your employees to make the benefit decisions that coincide with their lifestyles. Consider providing choices that include both PPOs and HMOs, with a health-savings account included if desired. The size of the network should be as large as possible to cover employees when traveling.
Adding dental and vision coverage as additional options is another smart idea, especially for employees with families.
A Robust 401(k) Program With a Generous Matching Policy
Engineering companies must offer a chance for their employees to save for retirement. A 401(k) is still the best option for this, as the days of pensions in the private sector are long over. Any plan should provide multiple investment opportunities, tailored to whether someone wants to be aggressive or conservative with their portfolio.
A generous employer matching policy also needs to be included. This helps with the retention of your top engineering talent.
Don’t Forget Life Insurance
Tech organizations also need to offer basic term-life insurance to their employees. This helps their families in the event of a tragedy. Making additional term life insurance available on a voluntary basis helps extend coverage to the rest of the family if desired.
Also consider providing disability insurance to cover your employees whenever unexpected downtime arises.
Benefits at Digital Prospectors
Digital Prospectors provides access to a great mix of benefits and allows each consultant to customize that mix in a way that best suits their unique situation. For instance:
- Many candidates want to be a salaried employee of their contracting company with full benefits
- Other candidates prefer to be hourly employees and forego benefits in exchange for a higher pay rate and minimal PTO
- There are some candidates who want 100% covered health, dental, disability and life insurance policies, while others would rather have that money added to their compensation, so they can buy their own individual policies.
By catering to all these candidates’ needs, we are able to fill more of our clients’ jobs by thrilling career consultants with these offerings and tapping into a brand new talent pool who would not ‘normally’ consider contract or contract to hire work.
Digital Prospectors is proud to offer its full-time, fully-benefited team of technical employees one of the richest and most comprehensive employment packages available in the industry today. Full details and pricing can be seen in the Benefit Spotlight download on our Benefits page.
Benefit Highlights Include:
A choice of three Health Insurance Plan options:
- PPO plan (nationwide plan)
- PPO plan with an HSA benefit (nationwide plan)
- HMO plan (national in-network only plan)
Additional Benefits Include:
- Dental Insurance
- Vision Insurance
- Long-term Disability (LTD) Insurance
- Short-Term Disability (STD) Insurance
- Group-Term Life Insurance
- Voluntary Term Life Insurance
- Dependent Care Assistance Program (DCAP)
- 401(k) retirement Plan thru ADP with up to a 4% company match.
Full details and pricing can be seen in the Benefit Spotlight download on our Benefits page.
If you need advice on attracting the top engineering talent, speak with the experts at Digital Prospectors. As one of the leading technical staffing agencies in Boston, we provide great candidates able to contribute to your success.
Start working with us today!
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