Employee benefits are one of the most crucial things you will need to offer your workers. Both to make sure you can recruit the best and then keep them over the long term. The good news is you can find out what some of the most popular employee benefits are in the post below.
Did you know that even today some businesses offer zero parental leave? That means people are having to go straight back to work after giving birth or welcoming a new baby into their family. Of course, as having a baby is such as big life change not offering time off for people to adjust to this will cause them undue stress, both at work and in their personal lives. It’s also pretty dehumanising to expect people with such as important event occurring in their lives to carry on at work as if nothing has happened.
That is why it is so important to offer paternal leave to all your staff. Such leave should not only apply to mothers that have just birthed their babies, but fathers, and adoptive parents as well. Indeed, by offering a good amount of parental leave as standard for every employee you will encourage people to work for you and to stay with your company over the long term.
One of the most sought-after work benefits is a free or discounted gym membership. This is because employees will see this as a tangible benefit, perhaps one that will save them money if there were to go to the gym anyway.
There are plenty of benefits for you as an employer to gain from offering free gym membership as well. After all, the more your staff work out and stay fit the better their physical and mental health will be and that means significantly fewer sick days taken at work.
PTO or paid time off is another benefit that is highly popular with employees. This is because it promotes good work-life balance, and allows people to take a break from their work and return refreshed and better able to focus.
However, before you decide to offer PTO, there are some questions you will need to be able to answer for your employees. One such question is ‘Does PTO rollover,’ as you can be sure your workers will want to know the answer. You’ll have three options here including allowing PTO to roll over fully, allowing it to roll over as wages only, or not allowing it to roll over at all. Make sure you have a clear answer for your employees before you start to offer PTO to avoid any confusion with this benefit.
High wages and financial advice
Last of all, with the market the way it is right now, offering a decent wage is vital for employee benefits. However, the best employers will go beyond this and ensure that their workers have access to independent information on how best to stay financially healthy. This means providing financial counsellors separate from your business but can advise your employees on any issues such as budgeting, their 401K, and paying off debts.
Indeed, by offering independent finical counselling you can help keep your employees as happy and stress-free as possible, which can only work in your business’s favor.