According to a survey published by Glassdoor (Glassdoor Top 20 Employee Perks and Benefits,) nearly 3 in 5 (57%) people report benefits and perks being among their top considerations before accepting a job, while 4 in 5 people also say they would prefer new perks over a pay raise.
They found the top 5 preferred benefits to be:
- Healthcare insurance (e.g., medical, dental): 40%
- Vacation/Paid time off: 37%
- Performance bonus: 35%
- Paid sick days: 32%
- 401(k) plan, retirement plan and/or pension: 31%
Best HR Perks
There is a variety of perks to be considered when evaluating the total benefits and compensation package your organization offers. Some are relatively inexpensive to offer or pay off in terms of investing in employee health and job and life satisfaction.
They key is understanding your workforce and selecting a few that can have the greatest impact. Here is a list of 5 ideas to consider.
Uncapped Time Off:
Eliminating the “sick pay” and lumping it into an overall time off program, employees will never feel the need to feign a migraine when they truly need a mental health day or need to get something done in their personal life. Considering an uncapped time off policy extends a feeling of trust with employees who can also plan ahead for time off by completing their job duties in advance.
Fitness Program:
Whether it’s a paid or supplemented gym membership or an onsite fitness room or personal trainer, making fitness a priority to your employee population provides group motivation and incentive to get fit. Healthy employees miss less work and create less insurance claims keeping benefit costs down.
Maternity and Paternity leave:
Supporting new parents pays off with employees returning to work appreciative and recharged.
Time Off for Volunteering:
Companies are not only sharing their values as part of their mission statements and acts of charity for their communities, they are encouraging employees to do so as well. By supporting employees in their efforts to give back, they not only become good stewards of the community, they give employees permission to follow their own desires to pay it forward while knowing their company has their back in the process.
Life Coach:
Providing employees with confidential, personal support through Life Coach Services or Employee Assistance programs, offers an outlet for employees who find themselves at personal impasses or dealing with personal stressors. Offering these services tells employees, “We understand life has its ups and downs. We are here for you,” while maintaining dignity and integrity. It also helps employees resolve issues so that they can get back to work more focused and renewed.
Save time managing benefit plans for your employees while minimizing compliance risks. With EPAY’s benefits administration solutions, you can offer your employees top-notch benefit programs without adding more work to your plate. Schedule a personalized demo today!