Health insurance, retirement plans, and paid time off are some of the most common benefits employers provide to their staff – and with good reason. While a competitive salary can attract top candidates to your company, the key to retaining highly qualified staff is showing them how much they’re valued. Offering additional benefits to your employees not only shows them how much you care, but it motivates them to put their best foot forward on the daily basis. If you’re interested in extending a little appreciation to your staff, here are some lesser-known benefits that won’t break the bank:
- Telecommute Opportunities
Every now and again it could prove beneficial to allow your staff to work from home. In this ever evolving digital world of business, connectivity is now easier than ever. Management tools such as Asure software makes it easier for you to manage employee time and collaborate on company projects. Offering telecommuting benefits lets employees know that you understand their need to care for their loved ones and that you trust them to get the job done from home.
- Commuter Benefits
Transportation costs can bite a big hole in anyone’s budget. Whether your staff utilizes public transportation or drives themselves to work the cost of fair, parking, gas, and car maintenance is often strenuous. Setting aside a monthly stipend of let’s say $50-100 per employee can save them hundreds of dollars per year.
- Tuition Assistance
In order for your company to grow you must continually invest in the growth and development of your staff. A great way to show them that you want them to achieve greatness is by offering to pay for a portion of their college education. Whether your company creates a scholarship fund and awards it to a recipient each year or you have enough funds in the budget to pay for a percentage of your employee’s education, they will be grateful.
- Family Days
Want to show your employees that you care about them as individuals? Introducing a company family day is a great way to show it. Any time your staff can spend with their families and away from the desk is a perk. Take a day out of the year and plan something nice for your staff and their families to do (i.e. picnic, games, a nice luncheon). This is a great way to get to know more about your employees and to cultivate a more family oriented work environment.
- Wellness Programs
Although health insurance covers the bulk of your employee’s health needs it can also be beneficial to offer wellness programs. There are so many options for you to choose from that can fit within your budget. From giving your staff discounts at local memberships to having meetings with popular weight loss programs your staff will love the idea that you’re keeping their health in mind.
- Dress Down Days
Here’s a perk that won’t cost you a penny to implement in the office. Instead of always having your team dressed like they’re heading to a meeting, you could cut them some slack and allow them to dress down on occasion. Casual Fridays have always been a popular choice allowing your staff to dress down just before the weekend.
- Flex Time
Do your employees really need to be in the office from 9 to 5 or can you vary their schedules a bit? Employees would appreciate having the opportunity to alter their schedules to fit their personal lives. Offering flex schedules such as 8-4 or 7-3 for employees who have been with the company for at least a year is a great way to vary the schedules and motivate them to stay with the company.
As an employer it is imperative to remember that your employees are your best asset. Keeping them happy doesn’t always have to mean large pay raises or tons of time off. In other words, you don’t have to break the bank to be a top employer like Google. Small benefits such as these described above can go a long way for motivation and longevity. Take the time to evaluate your company finances to see how you can do just a little bit more to show your team how much you value them.