Employee Benefits are a great way of showing your employees how important they are to the company. To retain or hire good assets, you need to come up with attractive benefits so that they feel like they are a part of the company, rather just a pawn in the big circus. Additionally, as an SMB or an Enterprise, you need to be creative with the employee benefits you provide to your employees to keep them interested in working for you. Here are a few ways to retain your top talent, and attract high performers to your organization:
Wage Increases and Incentives
Monetary benefits have the biggest appeal in terms of making your employees happy. In this day and age of increased expenses, getting good money is the biggest motivation for any employee. Have increments assigned in short intervals and when it comes to employee incentives programs such as FutureFuel, you can either go for a common plan for everyone or go for a personalized touch according to the individual’s performance. This builds a healthy competitive spirit in the workspace which is beneficial for you as an employer!
Just as money is a huge motivator, an incredible number of employees around the world consider health insurance as their most preferred employee benefit. The link between offering health insurance and hiring is incredibly high as a huge number of people get attracted by this prospect. You can either go for group insurances or individual insurances. However, if you are a small enterprise, you may have to opt for an insurance plan according to the wishes of your employees. Get in touch with a good insurance company to get good deals for your employees.
Here is a benefit that many entrepreneurs do not think about, but surely is one of the best benefits one can offer to the employees. No employee likes to travel for long on his or her own expense, face issues with last-mile connectivity or travel in crowded public transport. This is where you as a business owner should step in to come with viable solutions for them. Providing employee transportations not only makes them happy but is extremely beneficial for your company as well. It leaves behind the scope of employees coming late, in reputation management of your company and it makes your employee comfortable in their commute.
You just need to hire an employee transportation solutions company such as Seahawk Travels that provides such services. One thing you need to keep in mind is that it is not just about the to and fro commute that the employees are worried about but it is also when they have to travel to other places for meetings and workshops. Covering all such employee transportation helps in keeping them happy, engaged and motivated!
Maternal as well as Paternal Leave
Gone are the days when giving maternal leave for women in your company was enough as now the dads too are hoping to get a certain number of days off to take care of their child. If you offer maternal and paternal leave both then this is surely an attraction that most employees will be happy to get.
No one can deny the fact that fitness has become a huge part of a millennial’s life and offering gym memberships for free is something that your employees would absolutely love. You can either provide a gym space at your own workplace or provide them membership coupons of gyms with which you have a tie-up.
All the benefits mentioned here have their own significance and thus are equally important in many ways. Make sure that your employees know about these benefits in advance so that the hiring process gets easier. To improve the retention numbers, make sure that you are making increments in the benefits.