Employee benefits and perks carry a lot of weight when a prospective employee is considering their next career options. And employee perks are especially useful for retention efforts — they’re a good way to keep your employees feeling happy, engaged, and valued on a daily basis.
Research from Glassdoor found that more than half (57%) of people said benefits and perks are among their top considerations before accepting a job. Most significantly, four in five workers say they would prefer new benefits over a pay raise.
These are the top perks your organization can offer to set a competitive advantage in the current war for talent.
Maternity and Paternity Leave
Improved parental leave policies are a top perk among organizations and can help make the transition from employee to parenthood smooth. Your organization can show value for employees who are new parents by offering paid leave that is longer than the typical 3-month leave for mothers and 1-2 week leave for fathers.
Paid Time Off
We all know how important it is to take time off to detach from work while on vacation. Despite this, many workers in the U.S. do not take as much vacation as they are allotted. To encourage your employees to relax and recharge, you can incentivize them by offering paid time off so they don’t have to worry about missing a week’s worth of salary.
Student Loan Reimbursement
As more millennials enter the workforce, they bring with them large amounts of debt due to student loans. To help lessen the financial burden, organizations are offering student loan reimbursement and repayment plans for their young workforce. This is an excellent perk to build loyalty with your next-gen employees and reduce their financial burdens as they start their careers.
If the majority of your employees sit at a desk and in front of a computer screen all day, it’s a great idea to offer fitness perks to get them up and moving during their work day. According to Mayo Clinic, sitting for long periods of time can lead to increased blood pressure, high blood sugar, excess body fat, and abnormal cholesterol levels.
To combat this, many businesses offer discounts on gym memberships. You can also offer fitness classes inside or outside of your office during work hours, such as yoga or spin classes.
Financial Education Workshops
Budgeting and retirement planning are two crucial skills, especially if you have a mix of baby boomers and millennials in your organization. PlanSmart offers free, in-person financial education workshops teach the importance of managing finances and saving for a rainy day.
Paid Volunteer Time Off
At Eastern Benefits Group, we believe in giving back to our community. That’s why we’re so excited about our Join Us For Good initiative and our many employees who volunteer in their communities.
Community service is a great way to build morale in your organization, especially if it’s for a charity or nonprofit organization that everyone supports. One idea is to participate in Volunteer Play Day with PlayWorks — your team would work side by side with a coach during recess at low-income Eastern Massachusetts elementary schools and make a difference in students’ lives.
Extra Time Off Around the Holidays
When the holidays come around, your employees will appreciate if they receive extra time off to account for travel time. This is a small perk that can make a big impact to show your appreciation for their work-life balance.
Team Building Events
Team building activities are a great way to boost morale among your employees. You can host these events inside or outside the office. PlayWorks will transform your conference room into a recess yard through a series of interactive activities and recess classics such as 4-square and tag. This is a great way to unlock your team’s creativity through games that take them away from their computer screens! Learn more about PlayWorks here.
Food & Nutrition Perks
While fitness is important to employee wellness, so are healthy eatings habits. It’s easy for your employees to eat unhealthy lunches and snacks, especially when their work day is busy. Try setting up a healthy food option in your office, like Boston-based startup LeanBox. LeanBox is a fresh food kiosk and offers a range of healthy food for your employees. As much as we love birthday cakes and candy bowls, offering your employees healthy food options is a great perk to improve their overall wellness.
Do a lot of your employees commute to work? You can offer perks that help cover the cost of their transportation costs if they travel by train. You can also offer covering some or all costs of ridesharing services that employees may use for commuting.
Employee perks are a great way to make your organization stand out from the competition. If you’d like to learn more about employee perks and benefits for your business, get in touch with an Eastern Benefits representative via our website or by giving us a call at (877) 542-7267.