4 Employee Benefits That Are Growing in Popularity
You want happy, healthy workers, and your workers want to be happy and healthy. That’s why offering a comprehensive benefits package is a win-win scenario. But in today’s changing landscape, both current and prospective employees are often looking for something a bit out of the box. Consider these four benefit options, and you can get ahead of the competition with regard to recruiting and retaining top talent.
- Help with student loans. Student loans are one of the top challenges faced by younger to mid-level workers, with the average student loan debt approaching $40,000. Employers can make a contribution of up to $5,350 annually to help over-burdened employees, through the Consolidated Appropriations Act of 2021.
- Remote work reimbursement. The rise of remote work meant the end of commuting expenses for many, but let’s be honest: Remote work comes with its own set of challenges and costs for the employee. Smart employers are recognizing the need for reimbursement of expenses related to remote work, like a secure internet connection, office supplies, and electronic devices.
- Sick leave and personal leave. Burnout is one of the leading causes of job termination, with millions citing this reason each year. Offer your employees sick or personal leave to deal with illness and personal issues, and loyalty will grow.
- A focus on fInancial wellness. Who can’t identify with the experience of financial stress impacting work satisfaction and productivity? Help your employees with this area of their lives, and the benefits multiply for both of you. Many employers now offer a comprehensive financial wellness package including benefits such as education and coaching, emergency savings programs, retirement savings plans, safety net insurance, financial planning, and emergency savings funds.
The key to offering lucrative employee benefits is to first talk to your workers and understand what they need. Then, give us a call to discuss that feedback, and we will help you design a benefits package that suits them perfectly.