5 Perks Your Employees Want More Than A Pay Raise
1 . Wellness Program
Employees spend most of the time of their day in the office, sitting on the chair. This leads to the sedentary lifestyle which in turn welcomes a lot of chronic and lifestyle diseases. Also, regular work environment makes work monotonous, which leads to drop in employee morale and productivity. Hence, employees prefer a good wellness program in their organization which not only keeps them healthy and fit but also keep them energetic and motivated throughout the day.
2. Performance Bonus
Rewarding the employees now and then will increase their due diligence considerably, and hence increase the overall input from the manpower in the organization itself. When an employee has rewarded a bonus for doing good work, it will obviously encourage him/her to continue doing quality work.
3. Vacation/ Paid Time Off
Employees need work-life balance. Vacation time-off is one key to maintaining this balance and this is the reason why employees prefer vacation time-off over a pay raise. Also, vacation brings a wealth of benefits for employee health and productivity, and for the success of your organization.
4. Flexible Schedule
With a flexible schedule, employees feel empowered to structure their work and personal lives. Also, flexible time supports employee engagement, boost morale, and retention. On the other hand, employers enjoy benefits like reduced absenteeism, increased employee morale, engagement, and commitment to the organization.
5. Healthcare Insurance
The reason why employees prefer their employer to pay for their health insurance rather than receive increased wages and pay for their own health insurance is that wages are taxable income to the employees but the money the employer spends to buy health insurance for the employees is not taxable.