What Kind of Company Benefits Should You Offer?

According to an Employment Confidence Survey by Glassdoor, roughly 60% of employees consider benefits and perks as a major factor when deciding whether to accept a job offer. Therefore, as an employer, it's worth your while to offer the right company benefits to attract new talent and boost the growth of your company. Here are some of the best company benefits you can offer to make the most of your workforce.

Thank You Bonuses

When your employees are working hard, they deserve to get acknowledgment for their hard work. Recognition of hard work is a basic human need, and your employees will appreciate it if you highlight the good things they do. Most managers make the mistake of always criticizing employees, and yet they never appreciate or praise them. By offering Thank You Bonuses, you're encouraging employees to keep working hard, and this can do wonders for productivity and your business bottom line.

Early Wage Access

Early access to wages is one of the best company benefits you can offer. Employees will appreciate it even more because it helps reduce the number of financial stressors they have to deal with. When you provide your employees with early access to their wages, they don't have to take out expensive loans just to survive until the end of the month. It's common knowledge that most people in the US live paycheck to paycheck, and this can cause a lot of stress if unexpected expenses come up. When employees can tap into the salary they have already earned, this will go a long way towards alleviating the situation.

Company Retreats

If you want your employees to love their job, then you should help them achieve a proper work-life balance. When employees spend too much time involved in company work, they may not have enough time to wind down, relax and recharge their batteries. This makes them inefficient, and their productivity levels can decrease dramatically. Regular company retreats allow employees to let their hair down and remind them there's life outside of work. When employees notice that management takes the time to relax, they'll also follow suit, and this is likely to have a positive impact on their performance.

Health Insurance

Many job seekers look for the benefit of health insurance when applying for jobs. Health insurance is a huge benefit that can not only keep them covered but also their family. This is why it’s such a great benefit to offer your company. If you offer health insurance many people will want to apply for your open positions as well as stay with your company as long as they are continuously getting health insurance. There are many different company benefits that people look for when applying for jobs and health insurance is one of the most important to many.

These are some of the best company benefits you can offer to create a positive work culture that boosts employee productivity. Please get in touch if you would like to know more about how to create the best workforce for your business.