People tend to stay in one place if they are comfortable at it and feel like they are being treated well. Employees, for example, could stay longer in a company if they are pleased with the benefits they receive.
Benefits are a way to motivate employees and allow them to do other things that will help them grow and succeed in their careers. Providing good benefits to employees have its advantages such that if they are attracted to the benefits your business offers, they will most likely stay in your company for long. It also minimizes stress, increases employee satisfaction, reduces turnover, and gains more customer loyalty.
These are also beneficial for potential employees, as benefits are among the factors that jobseekers consider before accepting a job. Sometimes, it’s better than offering a higher salary.
A useful way to learn what benefits you should be considering giving your employees are illustrated here in this infographic. Benefits are more than the usual paid leave, pension plan, and health insurance among others.
As HR managers, you should think outside the box and consider what your employees want and need. You can go out of your comfort zone and include a gym membership, on-site fitness classes, or have sports tournaments within your company. You can also offer free housing, bring-your- dog-to- work-day, resort or hotel vouchers, and so much more.
Other great benefits a company could have are flexible hours, as such favors employees with families or studying. You can also give them more vacation leaves since taking a break every now and then is good for employees’ well-being. Employees need this for whenever they are exhausted and can no longer concentrate at work. A break will help regain their energy and maybe even generate newer and fresher
Whether you have a big or small company, providing great benefits is an advantage for your company in the long run. With tons of options available, you should know what your employees need to make sure they are happy with their job. It’s an investment for your company, so it’s definitely worth the money and effort.
Download our eBook on Learning and Development Trends and find out how technology enables continuous learning in organizations.