7 Ideas for New Company Benefits Your Employees Will Rave About
One of the most critical and often overlooked aspects of a business is the benefits offered to employees. Benefits can make or break a job offer, and they can be a significant factor in whether someone decides to work for your company. Here are seven ideas for new company benefits your employees will love.
1. A Generous PTO Policy
Offering your employees more paid time off is a great way to show you care about their well-being. Most companies provide paid time off, but it’s often not enough. Employees are looking for companies that offer a generous PTO policy so they can take the time they need.
2. Flexible Work Arrangements
The traditional 9-to-5 workday is becoming a thing of the past. Flexible work arrangements are increasing because employees want a good work-life balance. Offer your employees the ability to work from home, set their hours, or take a more extended lunch break and you may see an increase in productivity.
3. Paid Maternity and Paternity Leave
Maternity and paternity leave are two employee benefits that are becoming increasingly common. Over half of employers in the United States now offer paid maternity leave. Paid leave allows parents to take the time they need to care for their new child without worrying about losing their income. Offering this benefit sends the message that you care about your employees and their families.
4. On-Site Child Care
Child care is one of the most significant expenses for families, so offering on-site child care is a perk for your employees. This benefit allows employees to bring their children to work with them, so they don’t worry about finding child care. On-site child care can also be a great recruitment tool, as it can attract parents who are looking for jobs with this perk.
5. Educational Benefits
One of the best ways to invest in your employees is to help them further their education. Continuing education shows your employees you're invested in their development and want them to grow. It could include paid time off to attend classes or conferences or providing resources such as books and online courses. It can give employees the flexibility to learn new skills and stay up-to-date in their field.
6. Tuition Reimbursement
Tuition reimbursement is a valuable way to invest in your employees. By reimbursing employees for the cost of their education, your business can benefit from the new skills and knowledge employees gain. This benefit can also help you attract and retain top talent. Employees who feel valued are more likely to be loyal to your company.
7. A Wellness Program
A wellness program is a great way to promote a healthy lifestyle for your employees. Consider offering discounts on gym memberships, healthy food, and other wellness-related activities. You can also provide on-site fitness classes, health screenings, and similar wellness initiatives. A wellness program shows your employees that you care about their health and well-being. It helps your employees live healthier lives and lowers your health care costs.
Increase Employee Retention
Implement these benefits to make your company more attractive to job seekers and increase employee retention. Employees who feel valued are more likely to stick around, so it's good for your business to invest in employee benefits.
Interested in joining the small business community but unsure of where to begin? Start by joining your local chamber of commerce, then head over to Zenbusiness for more great tips and resources to guide you each step of the way, from forming an S Corp in Massachusetts to hiring your first employee.