There are so many benefits and perks you can offer to your employees. Here are 8 of them: Gym memberships, Life insurance, Tuition reimbursement, Free concerts, and much more. Which one would you offer? Below are some of the benefits for employees you can provide today.
1. Life Insurance
A life insurance policy can be a valuable benefit to your employees. It can provide financial security to dependents and spouses and help cover the expenses of losing a loved one.
For a family, the loss of the primary wage earner is devastating. Without life insurance, they may depend on family for support and may be forced to tap into savings or seek outside assistance.
2. Health Insurance
Your staff can’t be at their best at work if they suffer from health issues. You can better the lives of your employees by providing them with affordable health insurance coverage if they don’t have access to it.
Health care coverage may still be beneficial to look at ways in which you may help your staff through preventative healthcare and wellness programs.
There are various health insurance options available to provide to your employees. A wide range of health issues can be addressed by providing health, dental, and vision insurance, and health reimbursement arrangements (HRAs).
3. Gym Membership
Gym membership reimbursement benefits can reduce health insurance premiums, claim costs, and employee sick days. As a bonus, employees will be healthier, lowering your company’s budget burden.
Fitness facilities have become increasingly common as perks. Some employers pay for employee gym memberships, and others provide on-site gyms with shower facilities. Having an in-house gym helps employees balance work and family life.
These are just a few options that can make the workday more enjoyable. Here are eight perks and benefits to consider for your next employee benefit.
4. Flexible Working Hours
The flexibility of working hours is often the holy grail for employees. However, employers need to balance employee happiness with the needs of their teams. Achieving this balance requires careful consideration.
Flexible working hours should not be used to re-engineer the company culture. Offering flexible working hours helps improve the health of employees. Employees motivated to work harder are more likely to enjoy their jobs and produce better work.
5. Tuition Reimbursement
Offering tuition reimbursement as part of an employee reward package is a great way to differentiate yourself from the competition. As the economy continues to improve, this program is a must-have.
Not only will this benefit help employees increase their knowledge, but it will also provide a boost to their careers. Whether they choose to attend university locally or attend college online, tuition reimbursement will help them achieve their goals.
6. Giving Employees Paid Time Off
While paid time off is a fairly standard benefit, not all employers do it right. A recent study by Alexander Hamilton Institute concluded that employers who offer paid time off to their employees experience a reduced unscheduled absence rate.
The exact numbers may vary, but the point remains that employees are more likely to tell employers that they will need time off in the future.
Paid time off will also encourage employees to report last-minute illnesses and family emergencies in advance, so you will likely see fewer unplanned absences.
7. Scholarships
Work-sponsored scholarships are a great way to boost employee morale. Offering a scholarship to your employees will show your staff that you care about their development.
Competitive salaries and an impressive 401k plan are great ways to attract employees, but scholarships go above and beyond.
If you want your staff to be happy and loyal, you need to show them that you care about them. Scholarships are a great way to thank you for your hard work and dedication.
8. Remote Work
Among the benefits of a remote working environment are health care and vacation time. Besides these benefits, most companies send gifts to their employees and even send educational aid to their children.
Companies should offer their employees opportunities to meet and collaborate to increase morale and encourage teamwork. One way to do this is through hobby-based work communities.
Conclusion
If you are looking for a great way to entice employees, consider offering these benefits. These benefits are both valuable and affordable, and in addition, they help you keep your costs down and boost morale.
