Every business is unique unto itself - just like no two industries are created equally. This is to say that there is no "one size fits all" approach to putting together an employee benefits package that satisfies and engages your workforce. In an industry that is so heavily dependent on the hard work that employees are doing on a daily basis like manufacturing, you need to consider their precise needs and wants when putting together something that will meet them while also exceeding their expectations at the same time.
At AEIS, that is precisely what we're prepared to help you do.
To put together the best employee benefits package for a manufacturing workforce, there are a number of core elements to keep in mind.
Naturally, you'll want to offer the most competitive salary you can to not only attract top talent, but to retain it as well. According to the United States Bureau of Labor Statistics, those in manufacturing make an average of $44,720 per year, but the average salary can vary state to state. At the same time, you'll also want to guarantee job security as much as possible. People don't want temporary positions. They want schedules that don't change on a regular basis so they know they can support their families.
Beyond that you'll want to consider factors like:
Here at AEIS, we have access to a proprietary 2023 UBA Employee Benefits Benchmarking Trends Report, which was put on every U.S. Senator's Desk and represents over 10,000+ employers.
Here are a few trends that pull from the participating Manufacturing employers in California:
Employee benefits trends change frequently, to the point where it can be difficult to keep up with everything on your own. Thankfully, you don't have to - with years of experience offering benefits in manufacturing to maintain employees, we know the business inside and out and are prepared to do whatever it takes to help you accomplish your goals.
If you'd like to find out more information about employee benefits trends for the manufacturing industry that you should be paying attention to, benchmark your own employee benefits package against the 2023 UBA Employee Benefits Benchmarking Trends Report or if you'd like to speak to someone in more detail about
your own business' long-term objectives, please
contact the team at AEIS today.
Regulations are constantly evolving, and your employee benefits plans must keep up with them. By working together to effectively anticipate and manage emerging regulatory issues, we make sure you stay “audit-ready” year-round and reduce the risk of financial and reputational damage.
Our experts will continually assess the effects that ACA, HIPAA, COBRA, ERISA, and State & Local (especially San Francisco regulations) laws have on your benefits plan – providing you with a tailored compliance review. This review protects your employees and helps you avoid expensive compliance-related mistakes in the future.
The development of your company relies heavily on your HR department, which is why we provide complimentary HR consulting through strategic partners. Providing a variety of Human Resources services for companies, our partners are your cost-effective alternative to hiring a full-time HR professional. Their SHRM and NCHRA SPHR-CA certified staff can advise you on many aspects of HR policy and best practices.
The administration of your benefits should be as simple and manageable as possible. Whether you want to make the switch to online enrollment or let our agents handle it for you, AEIS administration services offer many resources for legal and human resources concerns.
Partner with an organization that provides consolidated expertise and service. PEOs provide further aid in payroll and business administration, as well as employer compliance support, so you can focus on what matters – growing your business.
Ideal for multistate firms and companies that require further administration relief, AEIS has established relationships with multiple PEOs so there are no additional costs to work with our PEO partners.
Listen to our podcast with Kruze Consulting where our President Ron Bland, and our Benefits Consultant Dillon Castro, discuss different strategies, trends and ideas we commonly employ with our clients.
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