One approach that smaller businesses can take is to offer employee perks.
Traditional employee benefits can make a significant impact on all sectors of the workplace. However, small companies may be unable to match the comprehensive packages offered by their larger counterparts. One approach that smaller businesses can take is to offer employee perks. This strategy works as a resourceful way to keep your talented employees and attract the attention of incoming talent as they enter the application process.
What are Employee Perks?
Keep in mind that employee perks are intended to be optional. These services or amenities do not become wages, so technically, they won’t appear in a paycheck. Even though such additions are not considered compensation, they work as great incentives. You can track and encourage employee engagement, motivation, and productivity without being overly heavy-handed. Since this is the case, it’s easy to confuse “perks” with “benefits” – although often utilized interchangeably. These terms are actually typical concepts. Some benefits include group health insurance, dental and vision coverage, and 401(k) contributions.
Examples of Employee Perks
Here are multiple examples of the employee perks you can extend to your team:
- Flexible Scheduling: Flexibility is critical these days. The old notions of a daily commute and 9-5 business hours are starting to lessen. Your employees can manage their day-to-day schedules by encouraging a healthier work-life balance.
- Continuing Education: It’s a bonus when you allow your employees to strive for more education. In this case, it would help to offer certification courses.
- Free Food: Providing free food, drinks, snacks, and coffee is much more viable when everyone works under the same roof. It’s also a great way to help your employees save money because they won’t be as interested in visiting nearby bakeries or delis!
- Volunteer Time: Community activism is becoming increasingly important. Show your team members that you care about the same social issues they are passionate about by giving them some time to complete volunteer work.
Does Providing These Options Make Sense?
Ultimately, you’ll have to weigh the merits of providing these employee perks and others like them. Affordability and relevance will likely be the decisive factors. Contact MWE Partnership at 410-394-9617 for more information.
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