In today's competitive job market, compensation is no longer the sole factor that determines a candidate's decision to accept a job offer. The importance of perks and benefits has increased significantly, with many job seekers considering them just as crucial as salary.
These additional offerings can enhance the overall job experience and contribute to an employee's overall satisfaction and well-being.
While there is no definitive list of the most important perks and benefits, several commonly overlooked options have gained popularity among job seekers.
These may include:
While health insurance is a common benefit, many employees may not be aware of other valuable insurance options available to them. Employers should provide additional coverage like disability insurance, life insurance, or critical illness insurance. These offerings provide a safety net and peace of mind for employees and their families during unforeseen circumstances.
Discount programs that provide employees with exclusive offers and savings on various products and services should be noticed. Employers can partner with employee benefits and perks platforms to offer discounts on everything from groceries and travel to electronics and entertainment. Such perks not only save employees money but also foster a sense of appreciation and loyalty toward their employer.
As mental health awareness grows, the need for mental healthcare support in the workplace becomes increasingly important. Employers can provide access to employee assistance programs (EAPs) that offer counseling services, stress management tools, and resources for coping with personal or professional challenges. Employers can create a healthier and more supportive work environment by prioritizing mental well-being.
Financial stress can significantly impact an employee's productivity and well-being. Employers can offer financial wellness programs that provide resources for instant loans, EMI assistance, debt management, retirement planning, and investment education. These programs empower employees to make informed financial decisions and reduce stress, leading to increased focus and job satisfaction.
Recognizing that employees have responsibilities and commitments outside of work, offering flexible work schedules can be a highly valued perk. Whether it's flexible start and end times, compressed workweeks, or remote work options, such arrangements enable employees to achieve a better work-life balance. Flexible schedules can boost morale, increase productivity, and attract a diverse range of talent.
Promoting employee well-being goes beyond healthcare coverage. Employers can offer fitness benefits, such as gym memberships, fitness classes, or subsidies for wellness activities. Additionally, providing wellness programs that focus on physical fitness, stress reduction, and healthy lifestyle choices can have a positive impact on employees' health, energy levels, and overall job satisfaction.
Perks.tech is an all-in-one employee perks platform built to make work more rewarding for your employees. Find new possibilities to provide easy access to financial, wellness, insurance benefits, perks, and much more.
Newsletter sign up