In today’s competitive work environment, businesses need to do all they can to attract the top talent. But luring in the best staff doesn’t have to be all about the numbers. While a competitive salary is always a good starting point, there are benefits that you can offer which are not tied to earnings. According to SHRM's 2016 Survey of Employee Benefits, here are some benefits that the country’s top employers are using in order to set themselves apart from their competitors:

• Health Savings Accounts. According to this report, the percentage of companies offering health savings accounts increased from 43% to 50% over the last year. This benefit also has the added advantage of making it financially advantageous for your employees to be mindful of their health needs, which is good news for everyone.
• Professional Membership Benefits. For those who pay membership fees for professional organizations, reimbursement for these expenses (or arranging new membership outright) can be quite alluring. Again, this benefit has an added advantage in that you want your newest employees to belong to organizations which enhance their skills.
• Training and Education. Another win-win. Keeping your staff up to date on the latest policies and procedures keeps your practice running at top peak, and it shows your employees that you value their contributions to your practice and that you are investing in their futures.
• Telecommuting. This option is not always feasible for those in healthcare fields, but for some roles and responsibilities it may be worth consideration. Research has shown that telecommuting has a number of advantages both for employers and their workers.
• Equipment upgrades and reimbursements. This one may be more important than you’d think. Depending upon the role for which you’re hiring, you may need to adjust your offering. But in theory, everyone from the front desk secretary to your newest practitioner benefits from an investment in technologies and updated equipment.

While it is true that salaries matter, you can still make your practice stand out by stepping outside the box of traditional employee benefits. Whether you’re looking to hire a new staff member or simply want to retain the employees you currently have, the offer to provide additional benefits can go a long way towards finding, and keeping, the best workers for your practice.

If you would like to learn more about our services and how we can help you or your dental or medical practice, please contact us below.

Frequently Asked Questions

Q: What are some non-monetary benefits that can attract top talent to a business?
A: Non-monetary benefits can include health savings accounts, professional membership reimbursements, training and education opportunities, telecommuting options, and equipment upgrades or reimbursements.

Q: Why are health savings accounts considered an attractive benefit for employees?
A: Health savings accounts offer financial incentives for employees to manage their health needs effectively, making it a valuable benefit for both employers and employees.

Q: How can professional membership benefits contribute to attracting top talent?
A: Professional membership reimbursements or arrangements demonstrate that employers value their employees' professional development and investment in enhancing their skills, making the offer more enticing.

Q: Why is training and education considered a win-win benefit for both employers and employees?
A: Training and education opportunities keep employees updated on the latest industry practices, benefiting the practice's efficiency and demonstrating investment in employees' growth and advancement.

Q: What advantages does telecommuting offer for employers and employees?
A: Telecommuting can provide flexibility and work-life balance for employees while offering cost-saving and productivity benefits for employers, making it an attractive option for certain roles and responsibilities.

Q: How can equipment upgrades and reimbursements enhance employee satisfaction and performance?
A: Providing equipment upgrades or reimbursements demonstrates a commitment to employee success and ensures that staff have access to the tools and technologies needed to perform their roles effectively.

Q: How can offering additional benefits help a practice attract and retain top talent?
A: Offering additional benefits beyond salary can set a practice apart from competitors, demonstrating a commitment to employee well-being and professional development, which can attract and retain top talent.

Q: Where can I learn more about services to support my dental or medical practice?
A: To learn more about our services and how we can support your dental or medical practice, please contact us using the information provided below the blog post.

About the Author

At Dental & Medical Counsel, we've been instrumental in realizing the practice goals of countless healthcare professionals. Whether you're looking to purchase, launch, or sell a healthcare practice, our expertise is your guide. Beyond the initial stages, we're committed to ensuring your healthcare practice remains legally compliant.

We provide comprehensive support, including employment law protections, healthcare contract reviews, and assistance with healthcare employment agreements. Additionally, we specialize in incorporating healthcare practices and securing trademarks. And for long-term planning, our services extend to helping healthcare professionals with succession and estate planning. Trust us to be your partner in every step of your healthcare practice journey.

About Ali Oromchian, Esq.

Your Healthcare Lawyer

Ali Oromchian, JD, LL.M. is the founding attorney of the Dental & Medical Counsel, PC law firm and is renowned for his expertise in legal matters

Ali Oromchian, JD, LL.M., is a leading legal authority in dental law and the founding attorney of Dental & Medical Counsel, PC, with over two decades of experience. His deep connection to dentistry comes from his wife's nearly two-decade-long career as a pediatric dentist.

This personal insight fuels his dedication to empowering dentists to navigate their legal challenges and achieve their practice goals. In doing so, Ali has helped thousands of doctors open their practices while maintaining legal compliance.

Ali is frequently quoted and contributes articles to dental publications, including the California Dental Society, Progressive Dentist, Progressive Orthodontists, Dentistry Today, Dentaltown, and The New Dentist magazines, further showcasing his commitment to the dental community.