7 Essential Tips for Creating a Worthwhile Employee Benefits Package
Companies that offer competitive benefits see stronger performance, recruitment, and retention. You owe it to your employees to give them the best benefits possible.
So what does that look like and how can you create a package that works for your business and its employees?
Keep reading to learn how you can create an employee benefits package employees will love!
1. Involve Your Employees
All too often, we come across companies that aren’t sure what their employees want. Fortunately, there’s a simple solution that eliminates any guesswork on your part: ask!
Get your employees in on the decision-making process. Ask them about the types of benefits they’d like to see and stay open to any suggestions that may come up.
Listening shows that you value your employees. That alone can improve morale and inspire company loyalty.
2. Encourage Healthy Habits
Most people know the benefits of healthy eating and regular exercise. But they might not have the willpower or time needed to solidify these habits.
To offer some encouragement, implement incentives that actively reward employees for going out of their way to make good decisions.
You may want to look into group gym membership discounts or create a space for employees to relax and unwind throughout the day.
3. Include an Option For Flexible Spending Accounts
Flexible spending accounts are a great complement to your offered healthcare plans.
An FSA is an optional program that allows employees to set aside money for future medical expenses. Often, employees use an FSA to cover deductibles or cover a partner or child’s medical costs.
4. Variety is the Spice of Life
No two employees are the same. So it makes sense that they’d have different needs when it comes to choosing benefits.
Employees need options, and it’s up to you to provide them. Allow employees to customize their benefits package to their liking.
5. Don’t Underestimate the Power of a Vacation
Everyone loves a little time off. And studies illustrate just how powerful some R&R can be.
Vacations have the power to reduce stress, improve satisfaction, and give employees the motivation needed to go the extra mile.
At the same time, simply offering paid time off isn’t always enough to get employees to use their vacation time. Be sure to encourage the use of vacation days. After all, they benefit you, too.
6. Reward Employees Who Give Back
Your employee benefits offerings can benefit more than just your employees. You can include your local community, as well.
Give employees a few hours off each month to volunteer and give back. Your employees will be happy to get out of the office for a little bit, and the good they do can have a positive impact on those in need.
7. Keep up with Family Leave Expectations
Make sure your approach to family leave is a progressive one. Companies like Facebook have struggled in the past to keep up with their employees’ needs, resulting in some people choosing to leave the company
And don’t forget about the dads, too. Paternity leave doesn’t need to be as extensive as maternity leave, but it should give new dads enough time to take care of their family and spend time with their new child.
As an aside, remember that family benefits can extend beyond family leave. For instance, you can allow employees to work from home on certain days or allow flexible hours so they can pick up their children.
Create an Employee Benefits Package Your Workers Love
The stronger the employee benefits package, the happier the workplace. Make sure you’re implementing a benefits strategy that speaks to your employees.
If you’d like some help figuring out how to do so, feel free to reach out and contact us today. We’d love to talk with you about your business’ needs and how our resources can make a difference.