Employee benefits are a significant part of your company’s total compensation package. It’s essential to offer competitive benefits to attract and retain top talent. But how do you know which benefits are truly unique?
If you’re looking for a way to attract the best talent, employee benefits are a great place to start. There are several different benefits you can offer your employees that will make them want to work for your company, but some unique benefits will stand out from the crowd. Here are some unique employee benefits ideas to help you stand out from the competition:
Employees want more freedom in their workday, and flexible schedules can be an attractive option for many employees. This benefit has been shown to increase employee satisfaction and reduce turnover rates. And it doesn’t have to be expensive; telecommuting options and flexible scheduling can allow workers to plan their schedules with minimal cost to employers.
This benefit is becoming increasingly popular among employers who want to encourage healthy lifestyles among their employees. Health coaches provide support and guidance on diet, exercise, and overall health management for employees. Health coaching has improved employee engagement, productivity, and morale at companies that offer these services.
Flexible Spending Accounts (FSAs) are employer-sponsored health plan that allows employees to use pre-tax dollars to pay for eligible healthcare expenses. FSAs are an alternative to traditional health insurance and provide an easy way for employees to pay for out-of-pocket medical expenses.
High deductible health plans (HDHPs) have become increasingly popular as employers seek to reduce healthcare costs. To incentivize employees to enroll in HDHPs, some employers offer a match on contributions made into an HSA, and the match could be as high as 100% up to a specified amount.
Providing employees with family cell phone plans is a great way to attract and retain talent. In addition to saving money, employees who use their phones for work are more likely to be productive, and they can check messages, respond quickly and stay connected with their colleagues and clients.
Offering travel discounts and ridesharing opportunities can help you attract top talent. Travel discounts can include anything from discounted flights to hotel stays. In contrast, ridesharing incentives might be as simple as providing a ride home or giving employees access to company cars. Regardless of how you structure these programs, they must be tailored to your business needs and offer value to both employees and customers.
Ridesharing is a great way to save money on your commute, but ridesharing may not be an option if you work in an area where public transportation is limited or non-existent. But you can still save money by offering discounts on parking spaces and ridesharing services like Uber and Lyft. These benefits are great for employees who have long commutes or travel often for business trips and conferences.
Tuition reimbursement is a great way to attract talent and keep it in your organization. It can help reduce employee turnover and increase productivity. The more educated employees will be better able to handle their roles and responsibilities.
A professional development fund allows employees to attend conferences, seminars, and classes that will help them advance their careers. This is an excellent employee benefit because it helps employees develop new skills that can be applied back at work while also improving their overall knowledge base. When employees have a better understanding of what they are doing at work, they tend to do better jobs and feel more satisfied with their positions overall.
Pet insurance is an idea that’s gaining popularity in the workplace. If you’re looking to attract younger employees or employees with a pet, pet insurance may be just what you need. It doesn’t have to be expensive either; some companies offer it at no additional cost to employees.
Many companies are offering childcare reimbursement as part of their benefits package. This can be an excellent way for companies to attract talent because it’s something that not all companies provide. The more unique your benefits package is, the more likely you will attract top talent.
An employee referral program is another excellent way for companies to attract new talent. This may involve offering monetary rewards or other non-monetary benefits such as free lunches etc. (depending on what works best for your business). You may also consider offering additional incentives such as time off work for referring someone new.
A financial literacy program is an employee benefit that can be extremely valuable to employers and employees. A good financial education program will teach employees about their finances and how it relates to their careers. Employees may also learn about retirement planning, investing, and budgeting.
Employers should consider offering financial education programs if they are looking for ways to help improve employee productivity, reduce turnover rates and increase employee engagement.