Retention starts by providing your team with benefits that incentivize work and offer peace of mind. According to the 2024 Ratchet+Wrench Industry Survey Report the following are the most common benefits shop owners reported to offer, but some shop owners also find creative ways to compensate employees:
Vacation days: 91%
Uniforms: 83%
Sick days: 72%
Training reimbursement: 65%
Health insurance: 68%
Retirement plan/401(k): 60%
Disability insurance: 35%
Life insurance: 22%
Equipment reimbursement: 20%
Parental leave: 29%
Creative Compensation
Small- and medium-sized shops sometimes can’t match the attractive benefits packages that larger shops or franchises offer. To level the playing field, survey respondents reported offering these perks:
Parts at cost
Shoe/boot allowance
Quarterly sales bonus
Accident insurance
Evening and weekend access to work on personal vehicles (with permission)
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