Are you interested in boosting morale within your team? Then it’s time to take a look at what you bring to the table in terms of employee benefits. ZenBusiness explains that “employee benefits” can cover a variety of different things, extending beyond more than just PTO and health insurance. To ensure your staff is happy, it’s important to think outside of the box in terms of job perks. Here, Fine Gifts & Baskets covers new and innovative ways that employers are offering up benefits to their team members.
Employee Wellness Programs
More and more employers are realizing the importance of investing in wellness programs for their employees these days. This could include anything from giving your team access to counseling sessions, life coaching, yoga classes, gym memberships, or access to nutritionists. The goal is to invest in the wellness of your employees to ensure that they’re happy and healthy in the workplace. Encouraging better overall wellbeing throughout your team is one of the greatest returns of investment when it comes to job perks.
Tuition and Student Loan Reimbursement
Have you considered offering reimbursement for your employees’ tuition or student loan payments? This can benefit you as an employer and your team in numerous ways. Employees who are less financially burdened by tuition and student loan payments are much less likely to leave the job for a higher-paying position elsewhere. Not only does this encourage your team to pursue higher education, but it also increases the value that they bring to their current role.
Flexibility to Work From Home
These days, the flexibility to work from home is a highly desired perk among the workforce. Many employees have families and responsibilities that come up which may require them to stay home. If you trust your team to telecommute when needed, it automatically promotes higher engagement. Many employers find that their team’s productivity levels improve when allowed to work from home. For most employees, the flexibility to work around their lifestyle is worth much more than a high salary could ever be.
Are you currently offering any perks around the office? This could be as simple as providing a catered team lunch every Friday, stocking the workplace with healthy snacks, or hosting monthly team-building events like game nights or an Escape Room outing. Another way to make employees feel appreciated is with personalized gifts, cookies, chocolate covered treats, candles and jewelry (among other items) from Fine Gifts & Baskets. Small perks like these can help your staff feel special, bring the team together, and allow them to socialize.
Don’t forget that paying your employees promptly can be another major perk of the job. Using a trusted payroll platform gives you the freedom to pay your employees when you want. Not only will your employees appreciate being paid on time, but you won’t have to worry about last-second adjustments or having to reissue lost paper checks.
The Final Verdict
Of course, you want to make sure that your business can, in fact, afford to provide all these perks. Regardless if you offer consultancy or have a service business, it helps to use an accounting system that acts as a financial hub where you can have better visibility over your billable hours, staff performance and utilization, and project or product performance and profitability. In turn, this makes it easier for you to identify your administrative costs and adjust your resources as necessary to make room for the above-mentioned perks.
We hope these ideas inspire you to come up with new and innovative ways to boost morale within your team. Remember, when your employees feel rewarded for their efforts, engagement and job productivity will skyrocket. In the end, this can only bring better employee retention and more success to your business as a whole.
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