Let us debunk the myth that employee benefits will cost you, the employer, an arm and a leg. You don’t have to match up to the benefits well established companies, with greater financial muscle are offering their employees. It’s not just about money when it comes to offering great employee benefits. More often, employees are looking for meaningful benefits that advocate for their work and personal development. Luckily these types of benefits don’t have to break the bank.
So what are some of the employee benefits you can offer your employees at reasonable cost?
Fluid work shifts
Employees will always view flexible work shifts as a great benefit. If your company has designated working hours, you can provide two different arrival and departure times so that employees can set their routine around this. Employees still have a specific program which allows managers to organise for coverage, but it allows greater flexibility to accommodate their personal and family needs. Employees are more productive when they are free instead of being micromanaged.
Different dress code one day of the week
We do recognize the need for official dress code at the office. However, choose a day where employees can loosen up a little bit. A lot of companies allow their employees to adorn casual wear on Fridays. Outline a decent but out of the norm dress code on one day of the week. Your employees will love this without a doubt! And it will cost you nothing.
Employee referral program
We want to assume that during your talent acquisition process, you only take the best candidates to work for you. Great people know great people. So why not create an affiliate plan for employees to recommend great candidates to work with them? By so doing, you will be leveraging on your employees’ networks in getting the best candidates. Employees can then be liable to a bonus after the referred candidate has completed their probationary period.
In the wake of Covid-19, we’ve learnt that we can just be as productive without necessarily sitting through traffic to commute to and fro the office. Hybrid offices allow your employees to have a work-life balance. Work-life balance can lead to reduced stress and great wellbeing for all employees. This will undoubtedly increase their productivity. In the post-pandemic economy, most employees prefer a job that offers the option of working from home a certain number of days in the week. There has also been a significant rise in remote collaborative working tools. They include video conferencing tools such as Zoom & Google Meet and project management tools such as Asana. We here at Crew also have a payroll and HR management software for you to manage your employees from wherever they are.
Employees adore an employer that is committed to their personal and career growth. Employers can provide opportunities for their employees to learn and advance their careers. They can bring in experts to teach employees on work related or personal growth topics. You can empower both your female and male employees by bringing inspirational figures to talk to them.
Mental Health breaks
The world is still recovering from the pandemic. And I can assure you, it’s not just the economy that was hit. Mental health skyrocketed during the pandemic for obvious reasons. People are generally more anxious and facing other mental health problems. It is easy for employees to feel overwhelmed. Extend grace to your employees by giving them mental health breaks to reset and recharge. The world over is now taking mental health with the seriousness it deserves. Employees will quit jobs that strain them mentally. You don’t want to lose your top performing employee just because you couldn’t give them a mental health break.
Provide headsets and permission to streaming music to employees at their respective desks. Music can prolong focus and reduce stress for employees working in cubicles or open-plan offices. You will incur minimal costs for such employee benefits but reap heavily from them.
CSR (Corporate Social Responsibility)
Corporate social responsibility is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices. This can be one of employee benefits in the sense that it gives them a greater purpose. Who wouldn’t want to be part of an organization that has a program helping the vulnerable in society? Or fighting global warming through recycling plastic? Employees will be more than willing to get involved in food drives, mentorship programs, charity walks, fundraising, youth empowerment, and even volunteering office administrative assistance with Non-Profits.
Come up with employee benefits that work for your organization
Every organization is different and so are their employees. The best employee benefits will rely on your employees’ personal needs. You can also ask your employees what benefits they would like to receive and choose which ones you can afford. These employee benefits will help you gain loyalty from employees and compete in today’s competitive job market.