Recruitment & Retention

The high cost of living, a limited workforce and the distance from the neighboring islands and the mainland. To succeed, employers must go beyond a benefits package that offers mandated health and disability insurance coverage, they should consider a total rewards benefits package that attracts and retains the best employees.

Under the Prepaid Health Care Act, Hawaii employers are required to provide health insurance, but to stand out in a competitive job market, it's essential to offer more than the mandated minimum. A well-rounded total compensation package should include additional benefits such as a flexible spending account, dependent care reimbursement, a health reimbursement account, or transportation allowances, some employers are offering a housing stipend, and relocation support. These benefits help to address the high cost of living, and it makes a company look more appealing to the local talent and mainland candidates considering a move to Hawaii.

Offering flexibility through remote or hybrid work options is another effective way to attract candidates. Many professionals prioritize work-life balance, and flexible work arrangements can make a difference for a high-quality candidate who may want that flexible work arrangement.

While health insurance is mandatory, offering a full suite of additional benefits is key to retaining employees in Hawaii. A thoughtful total rewards package might include group life insurance, long term disability, identity theft, and special perks like pet insurance, an on-site cafeteria and educational benefits. By providing retirement plans with employer matching, financial wellness programs, and career development opportunities, companies demonstrate their investment in their employees long-term success.

Competitive pay, a great employee benefit package, and transportation subsidies, help to address daily living expenses making it easier for employees to thrive.

Creating a sense of community is also vital. Inclusive workplace policies, team building activities, and support for cultural engagement can strengthen employees' connection to the organization.

By offering a total compensation package tailored to Hawaii's unique environment, business can attract and retain top talent, ensuring stability and long-term growth in a competitive market!

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