When people look for a job, they don’t just look at the job description and salary, they’re on the lookout for employee benefits too. In fact, a company that offers good perks beyond the salary could persuade someone to take a job there over one with another company.
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Here are some of the best perks or employee benefits to offer if you are looking to make your loyal employees happy.
Why Employee Benefits Matter
A happy workforce is a more productive workforce. Good company benefits can help with staff retention, which is huge for businesses as recruitment is often an expensive process. They can also help to attract talent and are also more likely to foster more of a sense of community, trust and belonging within a company.
Whether it's a gift card to their favorite restaurant, extra cash in their paycheck, or offering them unique benefits like a novated lease melbourne, rewards can make all the difference in keeping employees engaged and motivated to do their best work.
Top Employee Benefits to Offer:
- Flexible working: Whether this includes the location in which you can work, the hours you choose to work (or both), flexible working is one of the most sought-after perks as it allows people to shape their work around their lives, not the other way around. It allows you to fit in appointments, pick up the kids from school or simply finish work a little earlier so you can make the most of your evening. It’s thought that the pandemic has facilitated the movement towards working from home, whether fully remote or on a hybrid basis and in turn, has prompted employers to be more flexible with working hours. Some workplaces even offer a four-day working week. Studies have even shown that many managers believe flexible working can help employees be more productive, so it feels like a win-win in many respects.
- Health insurance: Private medical insurance is a huge pull factor for many people. Whether you use it for dental work and check-ups or more health appointments that allow you to enhance your physical and mental well-being, it’s a hugely valuable perk. Private health insurance can help people bypass the restrictions of public health services. Encouraging a workforce to take care of their health is a great incentive for companies to offer this benefit.
- Company cars: If a job requires a lot of driving, some companies will offer a company car. Otherwise, you may get financing deals that can be used towards a car of your choice, in which case you can search for the right car for you at a reputable used car dealer in Cannock or wherever your business is based, based on the type of car you need. Typically, the employee will not be tied directly into a financial contract. This can ease the costs experienced by the employee and can be a great incentive for someone to stay at a business.
- Generous paid sick leave: If a workplace offers a good paid sick leave package, it can make potential employees trust that the business is genuinely committed to its workers’ wellbeing. While it’s also better to not have to use sick leave, knowing that it’s there if you need it can offer good peace of mind. At the end of the day, it means employees receive better financial security and will be more honest about their well-being, rather than pushing through and making themselves more ill.
- Workplace pension contribution matching: The amount that your employer is willing to contribute to your pension plays a big role in how the pot builds over time. Many people who want to prioritise long-term saving will look at workplace pension offerings closely to ensure they’re getting the best out of this benefit.
Other perks include mental health support, additional holidays and professional development opportunities to help individuals progress in their careers. This might include training and monthly development sessions with their line managers.
Another thing that employees might look for includes parental support. This might involve childcare assistance and good maternity and paternity schemes.
