When you think about the perks you give to your employees, the first thing that probably comes to your mind is how much these perks are going to cost you. You are probably someone who loves to save money wherever you can because that’s what’s going to protect your business when times to get tough. However, did you know that spending more money on the perks you offer to employees is actually going to help your business prosper? That’s because when your employees are happy and have plenty of benefits, they are going to be much more productive at work and help your company to move forward.
However, even if you know this, you might be unsure about which perks you should be offering to your hard-working employees. That’s where we come in! Below, you’re going to find the top benefits that you should be offering to your well-performing employees and just your employees in general. Keep these in mind when you are developing your final employee benefits package.
1. Tuition Reimbursement
The first benefit that should be offered to your best employees is tuition reimbursement. Now, you might not have thought about this one at first, but many of your employees do want to continue learning, even after they have finished their first university degree. Even more of your employees might not have even gone to college and want to go back to get their education. If your employees want to do some university work while they are employed with you, why stop them? The education and training they get will only make them better employees for you.
You can offer each employee tuition reimbursement for some or all of the costs they incur while getting an education. This can be determined between you and the specific employee, based on which educational institution they choose and what their expenses might be. This could even be for when they need some sort of certification to operate machinery.
2. 401k And Retirement Planning
Another big benefit that most employees expect whenever working with a company is setting up a 401K and planning for retirement. Even though you don’t want to think about your employees leaving your company just yet, it’s important to help them out with their retirement planning. With this help, your employees can be ensured that they are ready for retirement when that time comes.
3. Pretty Generous Paid Time Off
Of course, one of the best benefits that you can provide to your most well-performing employees and every employee, in general, is paid time off. Now, you might want to go for the minimum amount of paid time-off to save your company money, but that’s not the best thing. When you don’t provide your employees with ample paid time-off, they are going to be less satisfied when they’re at work and might even leave the company. If you want your employees to perform even better in the longer run, give them a reasonable time off, because vacations are important for stress free work. More and more businesses are learning how important it is to give their employees a good amount of paid time off. When your employees are not stressed about whether or not they have enough time to take a vacation or spend more time with their family, they are going to be happier and more productive workers. And where productivity is, profit then follows.
4. Health Insurance of All Kinds
Offering your employees, the opportunity to sign up for health insurance of all kinds will make them more satisfied and happy employees. This ranges from vision insurance to dental insurance. Many employees are worried about how they can pay for various types of expensive insurance in order to stay healthy. When you provide this to your employees, they are going to have one less thing to worry about and be able to focus more on their productive work with your company.
5. Flexible Time
This is one if the more resulting perks that many companies are wary about giving to their employees. However, giving your workers flexibility in work hours is one of the best things you can do for them. Let’s talk about that a bit.
When your employees go into work every single day from 9 AM to 5 PM, they are going to get bored. Humans aren’t designed to sit in front of a desk every single day for one time period for the rest of our lives. By allowing your employees to come in later one day or leave work early or just stay at home and do their work gives them more freedom that helps them be more productive.
6. A Competitive Salary
Of course, one of the best benefits that you can offer to your best employees is a competitive salary. Your employees want to be paid for the work that they do. But they don’t want to get paid for the minimum. They want a competitive salary that competes with other companies in the industry you find yourself in. If you don’t provide a good salary to your employees, they can easily go over to one of your competitors and work for them for more pay. You might think that this is going to cost your company more money, but this is going to pay off in the long-run when you have super productive employees coming into your company.
7. Paternity/Maternity Leave
This last benefit that you should offer to your employees is one that many companies in the US and around the world don’t offer. However, offering paternity and maternity leave to your employees is going to ensure that they don’t have to worry about what’s going to happen with their job when they have a baby. Giving them an ample amount of time off to take care of their kids and spend time with them is crucial if you want them to come back to the company afterwards.
And there you have it, folks! When you’re thinking about the top benefits that you need to offer to your employees, both high-performing and normal employees, these have got to be on the top of your list. If you do this, then your employees are going to be much more happy, healthy, and productive.
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