Top Benefits to Offer to Employees to Help Your Business Succeed
Employees are more focused and productive when happy, healthy, and feel appreciated in their workplace. As an employer, you should offer a benefits package that meets the needs of your workers and influences them to do their best work.
There are many different types of benefits you can offer, but some are more effective than others at encouraging productivity. Here are 10 workers’ benefits you should consider providing to your employees:
1. Competitive Salaries
Employees are more productive when they feel they are fairly compensated for their work, especially the skilled ones. Make sure your salaries are competitive in your industry so that your workers feel valued.
2. Generous Vacation Time
Vacation time is important to workers for both mental and physical health. When employees return from a relaxing vacation, they are refreshed and ready to be productive.
3. Flexible Work Hours
Flexible work hours allow employees to balance their work and personal life better. This can increase productivity because employees are less likely to be stressed out or distracted by outside commitments.
4. Remote Working Options
Remote working options give employees the freedom to work from anywhere, which can be a great perk for those who don’t want to be tied down to one location. It can also result in increased productivity as employees can design their own work schedule that works best for them.
5. Health Insurance
Health insurance is an imperative benefit for many employees, especially if they have families. It’s an excellent way to show your employees that you care about their well-being and like them to be healthy mentally and physically.
6. Dental and Vision Insurance
Dental and vision insurance are also important benefits to offer employees. They can help employees maintain their oral health and vision, which are both essential to overall well-being.
7. Retirement Plan
A retirement plan is one excellent way to help employees save for the future. This also shows other potential top talents that you’re interested in taking care of financial wellbeing for company staff. As a result, they most likely want to work for you.
8. Employee Assistance Program
An employee assistance program (EAP) is a benefit that provides confidential counseling and support services to employees experiencing personal or work-related problems. This benefit can help employees deal with stress, anxiety, and other mental health issues, increasing productivity.
If you lack the resource, time, or experience for this type of service to your employees, consider hiring third parties. Nowadays, some offer modern-day EFAPS or an employee & family assistance program in 2022. This is a newer form of EAP that provides support services to employees and their families.
9. Wellness Programs
Wellness programs are another way to show your employees that you care about their well-being. These programs can include on-site fitness facilities, wellness classes, and health screenings. They can also lead to increased productivity as employees are less likely to be stressed out or unhealthy.
10. Paid Parental Leave
Paid parental leave is a benefit that more and more employers are starting to offer. It’s also a great way to show your support for new mothers and fathers and help them take some time off after giving birth or welcoming a new child into their family.
Offering these benefits to your employees is a great way to show them that you value their happiness and productivity. By providing a mix of both monetary and non-monetary benefits, you can create a well-rounded package that entices and retains the best talent.
If this is overwhelming and you don’t know where to start, look for third parties, such as LifeWorks, that can act as an extra HR department and take care of all of these services. This helps lessen the burden off of you and allows you to focus on what you do best – running your business. Look into EFAP services from LifeWorks to ensure your employees’ mental and physical health.