There are many different employee benefits a company can offer. Some of the most common include a variety of insurances, retirement savings plans and earned paid time off. If you don’t have these in place yet, they should be first in line when considering what perks to provide.
But, don’t stop there. While these more standard benefits are important, they don’t really help you stand out from the crowd. This is especially true in a competitive labor market. Rather, they are to be expected from any company who has a solid benefits plan.
The best way for your company to beat out your competition in this area is to get ahead of the curve – and stay there.
Some new trends in benefits have started to emerge, but many companies have yet to give them a try. Some examples of these more uncommon benefits include:
- time off for employee birthdays or to volunteer
- brand discounts for groups
- continuing education and extra training opportunities
- bonuses for referring new employees or having perfect attendance
- flexible working options
What is the hype around flexible working options?
A stereotypical work day has long consisted of working from a company location during scheduled hours.
However, the newest generation to join the workforce is realizing that there are alternatives to the normal work day. This realization results from growing up with the rise of technology and a faster pace of life.
In fact, a study by Bentley University showed that 77 percent of Millennials feel that flexible work hours would make the workplace more productive.
- They want to have a better work-life balance.
- Millennials have the technology to bring the company to them.
- They can tailor their working times to when they are most productive.
Although this isn’t an option for every line of work, companies should start to consider how this move toward flexibility could impact them.
Whatever means you have available to offer more uncommon perks to your employees, it could be useful to take advantage of them. This will help you make sure that you stand out from your competition.
Takeaway: Employee Benefits
Give your company an edge by providing your employees with perks that are more unique than the standard benefits package. This tells them that you understand what is important to them, as well as that you value their well-being and potential.
Each day this week, we are covering a topic related to improving your company’s attractiveness in the eyes of job-seekers. Miss one? Check out the full series here.