Top Benefits from Leading Companies in 2024

Cover of the 2024 MorganHR Benefit Research Study, focusing on the transparency of benefits. This report reveals what large companies promote as key offerings and how candidates evaluate benefits packages during their job search. It highlights the importance of clear communication in benefits to attract and retain top talent.

Revolutionizing Health and Wellness Offerings

In 2024, leading companies are increasingly recognizing the importance of health and wellness benefits, with many actively promoting these offerings online in a transparent and detailed manner. This approach caters to the growing demand from job seekers who prioritize clarity when assessing potential employers. Companies like NVIDIA and Salesforce stand out for the way they present flexible health plans, ranging from HSA-compatible options to comprehensive PPO and HMO plans, which are clearly promoted through their public-facing websites and job postings.

While many organizations may offer robust benefits, it’s the transparency of communication and the ease with which candidates can access this information that sets these companies apart. Mental health programs, for instance, are gaining significant visibility. Organizations are increasingly highlighting their mental health support online, including telemedicine services and Employee Assistance Programs (EAPs), making it easier for prospective employees to understand the care they would receive. Companies like Intuit and ServiceNow are at the forefront of this trend, offering free mental health consultations and openly sharing these details, which speaks to their commitment to comprehensive employee well-being.

Financial Security Through Comprehensive Benefits

Financial security is a cornerstone of employee well-being, and leading companies are not only offering robust benefits but also making these offerings highly transparent to attract top talent. According to recent studies, 86% of companies openly promote 401(k) plans as a key component of their benefits package, with many offering generous employer matches to enhance employee savings. Salesforce, for example, provides a 100% match on contributions up to 6%, clearly advertised on their careers page. This transparency in promoting financial benefits is critical in shaping candidates’ perceptions and expectations, helping organizations maintain a competitive edge in the talent market.

In addition to retirement savings, there is a growing trend toward offering supplemental health insurance options, such as critical illness and accident coverage. Companies like DriveTime and NVIDIA clearly outline these benefits on their websites, ensuring potential employees understand the financial protection available for unforeseen medical expenses. This visibility into financial wellness offerings reflects a broader commitment from employers to safeguard their workforce against potential financial vulnerabilities while making these options easy for candidates to evaluate when comparing job offers. By promoting these benefits online, leading companies set a new standard in benefits transparency, which can be a decisive factor for job seekers.

Enhancing Work-Life Balance with Flexible Policies

Top companies understand that promoting a healthy work-life balance is critical for employee satisfaction and retention. As part of their benefits transparency, many organizations prominently showcase flexible work arrangements on their websites and job postings, such as remote work options and adjustable schedules. This flexibility not only supports employee well-being but also enhances productivity by allowing individuals to create a work environment tailored to their personal and family needs. Companies like Salesforce and Atlassian highlight their flexible work policies, making it easy for candidates to understand their options upfront.

Moreover, paid time off (PTO) policies are becoming more inclusive and accommodating. Many organizations are increasingly offering unlimited PTO or extended leave options, reflecting the diverse needs of their workforce. By openly promoting these policies, companies demonstrate their commitment to employee autonomy and trust, fostering a more engaged and motivated workforce. This trend toward transparent communication of work-life balance benefits helps employers attract top talent and build a reputation for supporting employee well-being.

Supporting Diverse Family Needs with Inclusive Benefits

As workplaces become more inclusive, companies are expanding family support benefits to meet the diverse needs of their employees. Fertility assistance, adoption aid, and comprehensive parental leave are increasingly standard offerings among top employers. For instance, organizations like Netflix and CarGurus prominently advertise their generous reimbursement for fertility treatments and adoption expenses, demonstrating their commitment to supporting various pathways to parenthood. By making these benefits highly visible on career pages and job listings, companies are sending a clear message of inclusivity and support to prospective talent.

Childcare support is another area gaining prominence, with many companies offering backup childcare services and discounts through platforms like Bright Horizons. This benefit eases the burden of balancing work and family responsibilities, allowing employees to focus on their careers without sacrificing family obligations. By transparently promoting such family-friendly benefits, companies help candidates feel confident that their personal needs will be met, making them more likely to choose an employer that supports their work-life balance.

Unlocking Employee Potential with Development Opportunities

Continuous learning and professional development are key differentiators for attracting top talent, and companies are making these benefits clear in their job postings. By transparently promoting platforms like Coursera, companies like Google and HubSpot show candidates that they prioritize skill-building and career growth. This visible commitment enhances employee satisfaction and strengthens retention, as employees feel supported in their long-term career paths. When candidates see clear pathways for professional development, they are more likely to choose and stay with organizations that invest in their growth.

Leadership development programs are similarly on the rise, with 34% of companies offering structured opportunities for cultivating future leaders. Companies like Deloitte publicly advertise these programs, signaling to prospective hires that internal talent development is a priority. Such transparency in leadership development fosters trust and helps companies stand out to candidates who seek career progression within a forward-thinking, innovative environment.

Embracing Pet Support and Niche Benefits

As companies aim to differentiate themselves in a competitive talent market, many highlight unique benefits, such as pet-related perks, in their recruitment materials. Pet insurance, now offered by 28% of companies, has become a standout benefit for candidates who value support for their personal lives, including their pets. Companies like Instacart and Veterans United are transparent about these offerings, ensuring that potential employees understand the holistic support available to them. By making such benefits visible, companies can attract talent looking for personalized and compassionate workplaces.

Niche benefits like wellness reimbursements and virtual physical therapy are also being highlighted in job advertisements. These benefits promote healthy lifestyles and provide essential support for physical and mental well-being, reinforcing a company’s commitment to the overall health of its workforce. Transparent communication about these unique offerings helps companies position themselves as leaders in employee care, creating a competitive advantage in the talent market.

In Conclusion

Transparency has become a critical differentiator for top companies in 2024 as workplace benefits evolve. These organizations are not just offering exceptional benefits but are also strategically promoting them in job postings and on their websites to attract top talent. By clearly advertising comprehensive packages—ranging from health and wellness perks to financial security and professional development opportunities—companies like Google, Salesforce, and Netflix demonstrate their commitment to supporting their employees’ diverse needs. This transparency ensures that job seekers know exactly what to expect and makes these organizations stand out as employers of choice. In an increasingly competitive talent market, openly sharing benefit offerings is key to building trust, enhancing employer branding, and attracting candidates who align with the company’s values and culture.

Access the full report here.

About the Author: Laura Morgan

As a founder and owner of MorganHR, Inc., Laura Morgan has been helping organizations to identify and solve their business problems through the use of innovative HR programs and technology for more than 30 years. Known as a hands-on, people-first HR leader, Laura specializes in the design and implementation of compensation programs as well as programs that support excellence in the areas of performance management, equity, wellness, and more.