The employee benefits package you offer is a major factor in successful SaaS recruitment. In the current job market, potential employees are looking for more than just a salary; they want to know what kind of additional benefits your company provides.
While traditional benefits offered by employers often attract the best candidates, Service as a Service (SaaS) organizations have to work harder to stand out from the competition and entice the most promising applicants. Fortunately, there are certain unique SaaS employee benefits that can help your SaaS business recruit and retain top talent for their SaaS job openings.
SaaS Job Employee Benefit #1: Remote Work Options
Offering remote work options is becoming increasingly popular among businesses, especially in the tech industry.
More than 60% of tech professionals rank fully remote as their most desired workplace setting, and more than half of technologists say they’re likely to change employers if not given options to work remotely.
SaaS workers aren’t just looking for higher pay. “The reason so many people are looking is they are affirming their belief in remote work.”, says Art Zeile, president, and CEO of Dice’s parent company DHI Group.
Remote work options give SaaS employees flexibility and control over their own schedules, which helps them find a better balance between work and home life. This can lead to increased productivity while also decreasing job-related stress levels.
In addition to boosting morale among existing staff members, providing remote access also allows your company to extend reach outside of traditional geographic boundaries when recruiting new SaaS talent.
SaaS Job Employee Benefit #2: Health and Wellness Programs
The health and wellness of employees should be a top priority for any organization. If you want to attract and retain the best SaaS employees, consider offering a comprehensive health and wellness program tailored to their needs.
A good health and wellness program can include access to mental health resources, free gym memberships, nutritious meal plans, ergonomic workspace options, stress management courses, and more.
An effective program will also give employees access to regular check-ups and preventive care services at no additional cost beyond their standard insurance coverage. This not only improves the overall well-being of your team but also reduces potential absences due to illness or injury while on the job.
SaaS Job Employee Benefit #3: Four-Day Workweek
A four-day workweek isn’t just another fad. It’s quickly becoming a widely accepted alternative work model in many countries, including Iceland, Belgium, Spain, Japan, Canada, and the United Kingdom.
A recent survey from GoodHire indicated that 83% of employees prefer a four-day workweek over traditional five-day schedules, with 90% of Millennials voting in favor. This statistic illustrates just how significant this benefit could be when looking to entice more qualified candidates into applying for a SaaS job.
Not only does this give employees extra time away from their desks, but it also allows them to focus on other areas, such as personal development and hobbies, outside of work hours.
SaaS Job Employee Benefit #4: Student Loan Assistance
Providing student loan assistance is an attractive benefit that may give your organization the edge in SaaS recruitment.
Having student loan debt can be a significant burden on a potential employee, so offering assistance with those loans can be an extremely appealing incentive.
In the United States, the CARES Act allows employers to contribute up to $5,250 per year towards their employees’ loans without being taxed or charged as income by the IRS. This benefit helps your employees get ahead of their payments and motivates them to stay in your company due to the significant savings.
Additionally, student loan repayment help sends a message to prospective candidates that your company values their education and recognizes the importance of paying off debts quickly.
SaaS Job Employee Benefit #5: Continuing Education Opportunities
SaaS employees value professional development opportunities as it not only helps them hone their skills but can also lead to career advancement.
As an employer, one of the most attractive benefits you can offer is access to certifications, training courses, and other educational resources. Not only will this benefit help attract more qualified applicants to your SaaS job, but it will also ensure your team is well-equipped with the latest knowledge and skills to stay ahead of emerging threats.
Professional development opportunities also show that you are willing to invest resources into helping SaaS employees build up their skill sets. This makes your organization more attractive than competitors who do not provide such benefits.
SaaS Job Employee Benefit #6: Stock Compensation
Stock compensation is an often overlooked yet effective employee benefit that can help you draw in the best SaaS candidates and keep them engaged and motivated.
Stock compensation allows SaaS employees to purchase shares of stock at a reduced price or be given shares as part of their salary package. This incentive gives them an ownership stake in your SaaS business which comes with a potential for significant returns on their investment as well as a sense of pride and connection to the company’s success.
It can also be used as an extra reward for achieving specific goals or milestones and directly incentivize top-performing employees, further increasing motivation and engagement in your workforce.
Final Thoughts
With so much competition in SaaS recruitment, offering these unique benefits, such as remote work options, student loan assistance, and access to stock options, can provide an added value that will entice more candidates to apply to your SaaS job.
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