5 Company Benefits Most Valued by Employees

Things Leaders Should Know About Their People

When people work for a company, they need to know that their company will take care of them. They need to know that they are appreciated. Far too many employees report that they have toiled for years and not received any recognition at all.

For far too many, their employer does not care about them and does not provide them with the benefits they need to live their daily lives. In fact, offering a substantial benefits package to employees can often attract the best talent. People who know that they have a lot to offer to a company will often have the luxury to search around for the employer who offers the best benefits.

The question is this: What are these benefits?

5 Company Benefits Most-Valued by Employees

1) Daycare on Site

The most important question that people ask when they go to work is what their children will be doing. Their children need to be properly looked after and educated throughout the day. Parents will often have to pay for expensive daycare programs that will look after their children while they are at work.

However, many companies have a daycare program on site. Having their children near them throughout the day will seriously reduce the stress of employees and will be of great financial benefit.

2) A Fitness Center or Gym Membership

Regular exercise is proven to reduce stress. An employee who is not stressed out is likely to be much more productive. Further, exercise will increase the IQ. It is not only physical exercise. It is also mental exercise.

Employers that provide gym memberships for their employees are preparing them for a more productive output as well as giving them a helpful benefit that increases their self-confidence.

Also, an increase in self-confidence will be helpful in several industries, particularly anything involving sales.

3) Additional Benefits

Many employers provide health insurance for their full time employees. But what about a dental discount plan? Dental insurance can be important, particularly if you have children. Optimal dental health would involve going to the dentist at least twice every year.

Those visits can be costly, especially if you need a filling. Only 47% of employers provide dental coverage. Talented employees who have children will want to work for a company who offers this amenity and might be willing to shop around until they find one.

This is one of the most valuable benefits an employer can provide for their employees.

4) A Few Days Off for the Holidays

Most businesses will slow down a bit around the holiday season. There are not a lot of people making business related transactions around this time of year. If you give them a few days off, they will remember that and they will know that they are appreciated.

Employees who have a break from the workplace will also have time to refresh and when they return to work, they will be more productive. People enjoy working for an employer who recognizes how important family and time off is to their employees.

5) Host Events

Find out what everyone likes to do together and take them out on a regular basis. If they would have fun bowling, then have a bowling night once every week. If they would like to have dinner, take them out to dinner. This will foster friendships between employees that transcend the workplace.

They will truly become friends. When they really are friends who are freely choosing to spend time together, they will function better as a team. Hosting events, then, is beneficial both for the employee who enjoys the event and the general atmosphere and productivity of the workplace.

So what are you doing to maximize your employee motivation and retention? how can adopting one or more of these suggestions aid your bottom line and overall confidence in your organization? And a big one…  How are your employee benefits and perks competing in the marketplace? I would love to hear your thoughts!

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Dennis Hung

Dennis Hung is a Business Consultant specializing in Mobile Technology and IoT
He’s spent most of his career consulting for businesses in North America
Email | LinkedIn | Web

Image Sources: macobserver.com

 

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One thought on “5 Company Benefits Most Valued by Employees

  1. All five ‘motivators’ are extrinsic, that is they come from outside the team itself and are nondiscretionary being beyond the resources of many team leaders to provide. Far better are intrinsic motivators which are “inherent”, “basic”, “essential”, “real”, and “genuine”. In the motivational context intrinsic motivators are those that are all the above and are very personal in nature, and they also help satisfy the higher motivational levels of self worth, self esteem and self-actualisation. Actions by the leader should include taking a genuine interest in people, getting to know them without interfering in their personal life, offering guidance and support, giving recognition and praise, encouraging development and providing opportunity for it, and in the broader sense, coaching and counselling people when necessary. The sum of these intrinsic measures helps develop feelings of contribution and ownership, commitment and belonging, job satisfaction, team cohesion and improved productivity.