Keeping your team happy and engaged is essential for any business. According to statistics, highly-engaged teams lead to 21 percent higher profitability. One of the most effective ways to do this is by providing your employees with valuable benefits.
Investing in employee benefits is an excellent way to show your team that you care and value their contributions. But what kind of benefits should you offer? Here are some ideas to help you create a more engaging workplace.
Flexible Hours
Many employees feel like they have to choose between their job and their personal lives. Offering flexible hours can effectively show them that their time outside of work matters too.
Whether allowing them to come in later or leave earlier, taking longer lunch breaks, or allowing telecommuting, giving employees the flexibility to manage their own schedules will make them feel valued and appreciated. Especially in light of the current pandemic, offering flexible hours can be a great way to provide your employees with more freedom.
However, implementing flexible working hours requires strong management skills to ensure that tasks are completed on time. But if done correctly, it can help build trust between employers and employees.
Health and Dental Insurance
Offering health and dental insurance are some of the best ways to look after your team’s well-being. While it may seem costly, the long-term benefits are worth it. Health insurance not only helps employees take care of their physical and mental health, but it also helps reduce absenteeism and medical bills. Additionally, having access to high-quality dental care is vital for the early detection of any oral illnesses or diseases.
Many private insurance providers offer group health plans at an affordable price. However, many insurance plans don’t cover dental care. If that’s the case, you can consider partnering with an experienced dentist to provide tailor-made dental coverage for your employees. You can also offer discounted packages for services like teeth whitening and orthodontics.
Depending on your line of business, you can provide access to free health screenings or health and wellness programs. This will allow your team to stay proactive about their well-being. Doing so will help your employees stay healthy and productive.
Paid Time Off
No matter how hardworking your employees are, everyone needs to take a break once in a while. According to a recent report, about 59 percent of American employees experience moderate to high levels of burnout. Offering paid time off can help them take a much-needed break and return to work feeling refreshed and energized.
There are many ways employers can structure paid time off plans, such as offering vacation days, sick days, or even mental health days so that employees can take time off when they need it most without fear of repercussions from their manager. This helps foster trust between the employer and the employee and ensures that everyone gets the rest they need to stay productive and healthy on the job.
You can also consider offering team-building activities and retreats for your employees. These can be a great way to reward them for their hard work and build camaraderie within the team.
Training Opportunities
Investing in training opportunities shows your employees that you are willing to invest in them, which helps build loyalty and trust within the workplace. And the more training they receive, the better prepared they are to take on new tasks and responsibilities.
You can provide workshops or seminars on various topics related to work or even general life skills to help your team grow professionally and personally over time. These can be held on-site or off-site, depending on your budget and resources.
You can also offer mentorship programs to help your employees reach their goals and gain new perspectives. By giving them the opportunity to work with experienced professionals, they can learn from their mistakes and become better equipped to handle future challenges.
Free Food & Drinks
Who doesn’t love free food? Providing snacks and drinks around the office is helpful for those long days when energy levels start dropping, and show your team how much you care about them by giving little boosts throughout the day.
Offering free food and drinks to your team can help them stay energized and keep their productivity levels high. Plus, it’s a great way to boost morale and create a more enjoyable work atmosphere. But be careful not to overdo it — having too much food around can lead to unhealthy habits and distractions. A balanced approach is essential for your team to stay focused and motivated.
Creating a positive working environment where each employee feels valued is essential for any business looking for success in today’s competitive marketplaces–and investing in good employee benefits is one way achieve this goal. Using these ideas as inspiration will go a long way towards creating an engaging workplace where everyone feels valued.
