What Perks And Benefits Can You Offer To Your Employees

The United States is currently experiencing what has been dubbed “The Great Resignation.” As employees leave their jobs in droves for better opportunities, employers wonder what they can do to keep their best and brightest from packing up and leaving. They must turn their attention to perks and benefits that will help.

The number of Canadians quitting their jobs due to unsatisfactory conditions isn’t on par with the U.S., but it’s steadily increasing. Gen Z is known for being unafraid to move on from a job that diminishes their work-life balance. They might also leave if it doesn’t offer enough growth opportunities.

In this economy, you want to keep your employees happy and prevent them from looking for greener pastures. Here are a few examples of the best perks and benefits in 2022.

Childcare

Women make up a large percentage of the workforce and many balance motherhood with their careers. Unfortunately, childcare is often prohibitively expensive, making it difficult for working mothers to justify staying in the workforce.

Some companies have started offering on-site daycares to offset the cost of childcare. Subsidies for employees’ childcare expenses are also a popular option. These are excellent perks for working mothers, and they show that your company is committed to supporting them in their career goals.

Flexible work hours

The most heavily discussed perk of the past few years has been flexible work hours. With technological advances, more and more employees can work remotely or at least have some flexibility in starting and ending their workday.

Flexible schedules have improved employee productivity because they allow employees to work when they are most productive. They also allow employees to better balance their work and personal lives, increasing job satisfaction.

Gym Memberships

More companies are starting to offer gym memberships as perks for their employees. A growing body of evidence shows that regular exercise can improve productivity, creativity, and mental well-being.

Plus, having physically fit employees can help reduce your company’s healthcare costs. Offering a gym membership is a great option for showing your employees that you care about their health and well-being.

This perk could extend to other wellness activities like yoga classes, meditation, or massages.

Student Loan Repayment

Depending on your industry, you may find that many of your employees are burdened with student loan debt. Offering to help repay their loans is a great way to show your employees that you value their education and want to help them succeed.

This perk will help attract and retain top talent and improve morale among your workforce. Tuition reimbursement is also a great perk for employees looking to further their education.

Home Office Budget

Another perk you can offer is a home-office budget. Let your employees know you’re willing to reimburse them for any expenses related to setting up a home office, like a new desk, chair, or computer.

If they have the right tools, it will be easier for them to do their job from home, and you’ll show them that you’re committed to their success. For this to work, you’ll need a clear policy for what expenses are eligible for reimbursement.

Choose-Your-Benefit

Finally, it’s only logical that most employees want perks that they can benefit from. For example, pet insurance wouldn’t be of much use to someone who doesn’t have a pet.

One way to solve this problem is to offer a choose-your-benefit program, where employees can select the most valuable perks from a list of options. These could include pet insurance, ID theft protection, or even extra vacation days.

How To Attract Top Talent With These Perks

Once you’ve decided which benefits to offer, the next step is to ensure your candidates are aware of them. We recommend using a recruitment agency to help you identify and attract top talent. An experienced recruitment agency will be up-to-date on the latest trends in benefits and perks, and they’ll be able to help you craft a benefits package that will attract the best candidates.