It is now a new world of benefits, where perks are important and of interest to employees. There is a goal of achieving work/life balance with employees rather than just focusing on salary alone.
Yes... it is still necessary to minimally offer Health Insurance and a 401K Plan. However, these are now considered to be "old school" in today's Employee Market.
If you want to create happier and more stable employees then consider adding some additional perks to your overall benefits package. Years of research has shown that having happy employees creates higher productivity. So... this is where your focus should be when growing and developing a great team!
Here are just some ideas to start thinking about:
Generous time off policy, Reimbursement towards Child Care, Gym Membership, Unlimited FREE Drinks and Snacks on premise, Offsite Team-Building Events (Go Karts, Mini Golf, Bowling etc..), Education Subsidizing, Paid Time Off for Volunteering (Look into a Corporate Volunteer Programs), Event Tickets (Zoo passes, Sporting events, Movie tickets etc..), Gas Cards, Flexible Work Schedules, At Home Delivery Services (Meal Kits, Stitch Fix, Birch Box etc..)
These are just a few ideas to start with. Be sure to get creative and have fun when it comes to your Benefits Package!
According to Glassdoor, surveys show that nearly 3 in 5 (57%) people report benefits and perks being among their top considerations before accepting a job, while 4 in 5 people also say they would prefer new perks over a pay raise!
Remember a Happy Employee is a Better Employee!
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