It is becoming increasingly important for employers to implement valuable employee benefits that can help retain employees, as well as boost their morale and productivity levels. If you are an employer looking to create a fruitful employee benefits package for your employees, you have come to the right place.
Not only can this help with employee retention rates and productivity, but you will also find that your employees are simply happier and you will likely attract top talent to your company with an excellent employee benefits package.
Here are a few tried and tested employee benefits that will surely improve employee retention and productivity within your organisation.
Remote or flexible working options
When it comes to employee benefits in a post-COVID business climate, one of the best benefits that you could provide your employees with is the option to work from home either partially or completely. As remote working is becoming the norm, a hybrid working model has emerged to accommodate this wherein employees are both working from home and in the office during the working week. Providing your employees with this flexibility can help improve their work-life balance, thus enticing them to remain loyal to your company.
Related Post
Insurance
Wellbeing in all of its forms – mental health, physical wellbeing, financial wellbeing, and whether employers prioritise this is what can lead potential and existing employees to either stay or leave your company. As such, it is crucial that you offer your employees financial security such as employee benefits insurance or even private health insurance to ensure that you protect the wellbeing of your employees.
Opportunities for professional development
Employees do not want to stay on the same level forever, meaning that they will most likely want to rise up the ranks and further succeed in their career. As an employer, you should be willing to encourage the success of your employees, and you can do this by providing them with opportunities to grow professionally. From training courses to access to training resources, as well the ability to obtain professional certifications, helping your employees succeed professionally will certainly boost their productivity and retention rates.
Discounts
With rising costs of almost everything from petrol to household essentials, it is absolutely critical that you are able to provide your employees with financial relief during this time in order to improve productivity and retention. In particular, as monetary problems can cause stress and negatively affect an employee’s work performance, alleviating this stress and helping lift any monetary burden off of their shoulders can be beneficial and lead to better performance at work. Discounts from retailers, especially supermarkets, can be a great help for employees struggling financially during the economic downturn.
Wellness programmes and prioritisation of employee wellbeing
According to a survey conducted by Deloitte, one of the top most sought-after perks is reimbursement for wellbeing expenses. This is behind flexible working and working from home. In particular, this could mean providing access to wellbeing services and programmes both in-house and externally. Gym memberships, and even dedicated workplace areas that are designed as wellbeing spaces are great ways to implement this employee benefit.
