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Innovative Employee Benefits To Make Your Business Stand Out
To attract and retain the best talent, employers are offering more and more benefits to their employees. If you’re a business owner or manager who wants to keep your team happy and engaged, it might be time to up the ante. The good news is that there are plenty of practical perks to consider that can help your company flourish long-term. Here are some of the most innovative employee benefits offered today:
Employee Satisfaction Surveys
Employee satisfaction surveys are essential because they allow businesses to understand what changes they can make to keep their employees happy. By conducting these surveys annually, businesses can track any changes in employee satisfaction and make the necessary adjustments.
Naturally, improving your employee satisfaction rates will improve your employee retention rates. Plus, happy employees are more productive and creative, so there are countless benefits to overseeing the satisfaction of your workforce.
Flexible Work Arrangements
Gone are the days when employees had to clock in and out at set times each day. Now, more employers are offering flexible work arrangements so their team can have a better work-life balance. Whether it’s working from home one day a week or having a flexible start and end time to the workday, flexible work arrangements are an excellent way to show your employees that you value their time outside of work as well.
Another great way to show your employees that you value their time is by offering unlimited paid time off (PTO). This benefit allows employees to take the time they need without worrying about using up all their vacation days.
In addition, unlimited PTO fosters a culture of trust and respect between employer and employee. Employees feel trusted to take time off without having to ask for permission, and employers respect their employees’ ability to manage their own time off. It’s a win-win situation!
If unlimited PTO isn’t in your budget, consider offering your employees unpaid leave. This way they know that they can take time to deal with any difficult situations that may arise.
Student Loan Repayment Assistance
Many employers are beginning to offer student loan repayment assistance as an employee benefit. This can take the form of matching employee contributions or outright repayment of loans.
Loan repayment assistance is especially attractive to recent graduates who might be struggling with student loan debt, or those that wish to satisfy their student loan balance sooner rather than later. Offering this benefit can demonstrate that you care about your team members’ financial well-being.
Many employers are beginning to realize the importance of providing employees with mental and physical health benefits, and what better way to start than by offering the benefit of walking meetings? A walk outside can improve concentration, reduce stress levels, and provide some much-needed physical activity for employees. It can help people build their relationship with colleagues too by forging a different kind of connection. If your business is located in a pedestrian-centric part of town, consider letting employees hold walking meetings.
Gym Memberships/Wellness Programs
Employers that offer a gym membership or wellness program as a benefit can attract new talent who are looking for a healthy and active work environment. These types of perks send the message that the company prioritizes its employees’ well-being, which can be a major selling point for potential candidates. Plus, wellness perks help employees stay healthy and motivated, leading to increased productivity and reduced turnover rates.
There are plenty of innovative employee benefits that employers are offering these days to attract and retain top talent. From flexible work arrangements to student loan repayment assistance to walking meetings, there’s something for everyone. So if you want to cultivate a happy and productive team, look no further than the benefits we discussed here!
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Author: Julie Morris