Your employees are your most valuable asset, so offering them a benefits package that meets their needs is important. The more appreciated and protected they feel at work, the more productive they’ll be.
This also helps retain employees, motivates them to take the initiative independently, and prevents conflicts.
Following are some work benefits ideas by Paul Haarman you can offer your employees:
List of Work Benefits
This is one of the most important benefits you can offer your employees. It helps ensure that they have access to quality health and won’t be burdened with debt after an accident or treating a medical problem.
Retirement Savings Plans
Retirement savings plans allow your employees to save for their future and provide them with financial security in retirement. This is the most attractive benefit that employees look for in every company.
Paid Time Off (PTO)
A cache of casual, sick, and annual leaves gives your employees time to relax and rejuvenate. It can also help improve productivity when they return to work.
In addition to the traditional PTO, some employers now offer unlimited PTO. This allows employees to take time off when needed without worrying about accruing or using up their days. All they have to do is get their time off approved by their manager, and they will be good to go.
Employee Assistance Programs
Employee assistance programs offer confidential counseling and support to employees experiencing personal or work-related problems. Paul Haarman says this can help them deal with stress, anxiety, and other issues affecting their work performance.
A flexible schedule allows your employees to have some control over when they can work. This can help them balance their work and personal commitments and make it easier to take care of family responsibilities.
Offering to pay for your employee’s childcare will lift a huge weight off their shoulders. This benefit will help attract and retain talented employees who might otherwise leave to pursue other opportunities far away from their homes.
Tuition reimbursement helps your employees pay for education and training that will improve their skills and knowledge and ultimately benefit your company. Paul Haarman believes this investment in your employee’s future can pay off for both of you.
This helps your employees with the cost of commuting, which can be a significant financial burden for many people. It will help attract employees who live further away from your company’s location.
Recognition and Rewards
Such incentives are a great way to show appreciation for your employees’ hard work. Acknowledging their accomplishments can motivate them to do even better, ultimately benefiting your company.
Work from Home (WFH) Option
A work-from-home option allows employees to have more control over their work-life balance. This can help them be more productive and reduce stress levels.
Providing your employees with housing options can help them save money on rent or mortgage payments. Though Paul Haarman knows this might seem too extreme if you are a small business but if you have the budget, try to work things out. You can do this on a small scale by offering to pay for their moving cost and partner up with housing agencies to help them get an apartment within their budget.
You can offer your employees many work benefits to show that you appreciate their hard work. These will also help attract and retain talented employees who will become an asset to your company and help it grow.