As the built industry continues to deal with a talent crisis, construction firm owners should get serious about using their employee benefit plans (EBP) to recruit and retain quality workers. There are many factors involved in building an attractive EBP that will both woo new team members and be an anchor in maintaining employees for years to come. But creating a robust EBP, and making sure employees are happy and taking full advantage, are two very different challenges.
In an article for the Baltimore Business Journal, Ellin & Tucker Principal Renee Collins shared the biggest challenges that owners face in having a plan that excites employees- and becomes a selling point for prospects. Renee outlines some of the biggest pitfalls that can get in the way, how to avoid them, the ways companies can keep employees engaged in the plan, especially the retirement funding component, and turn an EBP into a lasting employee asset.
You can read the article in the Baltimore Business Journal.*
*Subscription may be required.
Subscribe
Get ready, because by subscribing to our email insights, you'll be among the first to hear from our experts about key issues directly impacting your privately held business or not-for-profit.