How is your company making cutting-edge enhancements to your employee benefits?
To help employers make the benefits they offer their employees cutting edge, we asked recruiters and entrepreneurs their top tip on amazing benefits. From flexible schedules to wellness programs, there are several brilliant ways that may help you keep your employees happy while working with you.
Here are 6 examples of cutting-edge enhancements to employee benefits:
- Light Months
- Wellness Program
- The #ThanksMatters Card
- Flexible Spending Account
- Personalized Benefits Packages
- Flexible Schedules
TeamBuilding recently introduced a “light months” policy into the full-time benefits package. This cutting edge addition is a spin on reducing working hours. Instead of committing to a fully paid four-day 32 hour workweek year long, we give team members one extra day off per week for every week in January and July. This approach decreases time waste or overstaffing during slower seasons, and gives employees a break and a chance to recharge to boost productivity in the aftermath.
Michael Alexis, TeamBuilding
We are providing a Wellness Program, which includes health screenings, health coaching, and wellness challenges. In doing so, we hope to help our employees stay healthy and engaged.
Matthew Ramirez, Rephrasely
The #ThanksMatters Card
Our company offers team members the #ThanksMatters Card as part of the benefit package. It’s our newest enhancement and is part of our recognition and rewards efforts. The #ThanksMatters Card is funded through our peer-to-peer recognition program and the dollars card can be used anywhere Visa is accepted. It gives employees the ability to spend their rewards however they want and is a great way to show our team that we care about them. Every time they swipe the card they are reminded that they work for a company that recognizes their hard work and efforts.
Logan Mallory, Motivosity
Flexible Spending Account
One way that our company is making enhancements to employee benefits is by offering a flexible spending account on top of health & medical benefits. This allows employees to have more money available to them to use for medical expenses that are not covered by insurance. This offers a level of coverage and flexibility that most other companies don’t offer.
Claire Westbrook, LSAT Prep Hero
Personalized Benefits Packages
Diversifying our benefits offering expands our talent pool. For many businesses, teams now consist of members ranging from hard-working baby boomers to tech-savvy Gen Zers. So, when it comes to employee perks, it’s essential to recognize that team members are at varying stages in life and may want and appreciate different things. Boomers prioritize health insurance and a solid retirement plan. Gen Xers focus on salary level and a 401K plan. And Millennials and Zoomers are more interested in working from where they want and extended PTO.
Embracing generational diversity into our benefits packages engages and motivates employees and makes them feel valued. And it’s this kind of job satisfaction that benefits our employees’ wellbeing and helps us retain and attract top talent.
Jason Sherman, TapRm
At LuckLuckGo, the company is offering flexible schedules to our most dedicated and talented employees. They have the freedom to choose work hours that are convenient for them. The benefits of this incentive go both ways. It is a cost-effective benefit, which means, It costs you nothing to allow your employees to rearrange their schedules to make their lives easier. Furthermore, happy employees work harder, you may find that they are more productive.
Ryan Yount, Luckluckgo