Employee benefits include non-cash compensation you can pay to your employees over their wages or salaries. Also called fringe benefits, this form of compensation is effective if you want to attract and retain employees. Many people love benefits, as they want recognition and appreciation for their contribution to the workplace. Some employees apply to join organizations depending on the benefits and perks available. Job satisfaction is tied with employee satisfaction, so you don’t want to ignore employee satisfaction if you want to improve commitment.
Below are innovative ideas that you can implement to benefit your team members.
Corporate Discounts
This includes discounts you can offer to your employees on the price of services or goods your business offers. These corporate discounts are designed exclusively for corporate employees. Some companies apply this method to test products internally before a mega launch to the market, so you can use it to perfect performances both in-house and on the market. Through such a program, you can pick interesting items and offer perks, which give your employees the best deals at prices discounted for them. It is a good way to reward them for their effort in keeping everything moving smoothly.
Professional Development and Training Programs
Many employees have bigger ambitions than working in their current position forever. One of the ways you can help such employees achieve their dreams is by sponsoring their education through educational benefits. Contributing to your employees’ education shows you care about their professional development, which in effect allows them to apply the skills acquired from the course to boost your business.
It is a decision that not only rewards the employee with knowledge but will impact your business as you can use their skills to explore new ideas. There are many options for education on the internet. For example, if you have an employee that has taken an interest in medical coding at your business, there are many web-based medical coding courses available that offer self-paced training. This way, you can provide your employee with the skills they need to move into a different position within your company.
Massage and Yoga
Often, the office environment can be exhausting as it is mostly not designed to allow a lot of physical activity. While you can include other mood-boosting ideas like cool colors and natural lighting, offering massage and yoga can feel revitalizing for many employees, especially after spending the day working on a project. Even if you are offering weekly massage and yoga sessions during work hours, it can be enough to improve the mood and energy in the workplace. These classes can make everyone feel comfortable, creative, and happy throughout the workday.
On-Site Health Services
Besides health insurance benefits, you can take care of your employees’ health in the office. An on-site well-being hub will help your employees get appointments with a registered nurse or a massage therapist. Also, you can add a “healthy home meal” ingredient station in the cafeterias to help your employees prepare a meal they can cook at home to avoid visiting a drive-thru after work. Other ideas include hosting a series of lectures on topics like eldercare and personal wellness.
A Pet-Friendly Work Environment
Many people would love to spend more time with their furry friends. To make this possible, you can create a pet-friendly work environment. Some of the benefits of creating a pet-friendly workplace include lower stress levels, improved physical and mental health, encourages employee collaboration and interaction, boosts creativity, and lowers stress levels. Some employers, besides allowing pets in the workplace, offer discounted veterinary services and free training classes on handling pets.
Providing the right kind of benefits to your employees, including training opportunities and on-site health services, is important if you want to attract and retain top talent. It also makes your company more inclusive and diverse. It is possible to develop these benefits if you understand the needs and interests of your employees.
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