In today's work environment, traditional perks often fail to appeal to employees. To truly meet the needs of their workforce, companies must recognize and address their employees' priorities. 

This blog post presents five ways in which companies can better serve their employees and create a more engaging and satisfying work environment.

Flexible Work Schedules: A Valued Alternative to Company Happy Hours

Flexible work arrangements have become increasingly important to employees. According to a Deloitte survey, 72% of Indian employees feel more empowered with flexible work schedules. Moreover, a FlexJob survey revealed that 48% of Indian employees consider flexible work arrangements as important as traditional benefits like insurance and paid time off.

While remote work remains a popular option, flexibility extends beyond working from home. Compressed work schedules, where employees work longer hours across fewer days, can also be a valuable perk. This flexibility allows employees to attend to personal appointments and commitments, fostering a better work-life balance.

Home Office Stipends: An Alternative to Free Lunches

In a country like India, where many employees work from home, home office stipends can be highly beneficial. The cost of living can be high, and employees may struggle to afford the necessary office supplies. By providing home office stipends, companies not only alleviate financial burdens but also demonstrate their commitment to remote workers' success. This fosters morale, motivation, and improved results.

Accessible and Transparent Perks: Replacing Obscurity with Clarity

Transparency is crucial when it comes to employee perks. Employees need to understand their entitlements, how perks work, and the conditions for vesting. Clear explanations of perks and vesting conditions in the company's handbook or website are vital.

Lack of transparency can discourage employees from staying with a company. An inadequate understanding of perks may lead to uncertainty about long-term financial well-being, driving employees to seek opportunities elsewhere. To attract and retain top talent, companies should ensure their perks handbook is easy to understand, explains jargon, and provides clear vesting conditions. The information should be readily available online for employees' convenience.

Health and Wellness Suite: Prioritizing Employee Well-being

Wellness perks allow employees to choose activities that suit their needs and preferences. This flexibility accommodates diverse wellness preferences, such as gym workouts, yoga classes, or home-based exercises.

Moreover, a comprehensive health and wellness suite can promote healthier choices and improve both physical and mental well-being. When employees have access to a range of wellness activities, they are more likely to prioritize their health. This, in turn, boosts employee productivity and overall well-being while potentially reducing healthcare costs for employers by minimizing sick leave.

Holistic Employee Wellness: Beyond Monetary Benefits

A holistic approach to employee wellness acknowledges employees as individuals rather than mere assets. Perks such as generous paid holidays, professional development opportunities, and flexible work arrangements recognize that employees require more than just financial incentives to thrive. Investing in training, mentorship, and career advancement initiatives demonstrates the company's commitment to employee growth, not just their output.

Perks that prioritize work-life balance are crucial since life encompasses more than just work. By supporting employees in pursuing their passions, maintaining their lifestyles, and prioritizing personal commitments, companies foster fulfillment and happiness. Ultimately, this leads to higher employee satisfaction, retention, and productivity.

Conclusion

While implementing perks like those mentioned above may appear financially burdensome, they can yield significant long-term benefits. By prioritizing employee wellness, flexibility, and work-life balance, businesses cultivate an engaged and satisfied workforce. This, in turn, attracts top talent, fosters employee loyalty, and ensures long-term success for the organization.

Ultimately, companies that prioritize employee well-being and work-life balance have a greater potential to build sustainable organizations and foster happier, more engaged employees.

About Perks

‍Perks helps employers enhance their employer brand by improving the employee experience by customizing health benefits, perks, and rewards programs. Batik aligns employee benefits and perks with the needs of today’s employees with a platform that is incredibly user-friendly and keeps you informed about your benefit offerings at the click of a button.