In today’s competitive job market, it’s not just about getting a paycheck at the end of the month. Employers understand the importance of attracting and retaining top talent, and one way they do this is by offering a range of perks and benefits. From flexible working hours to wellness programs and career development opportunities, the perks of a job can make a significant difference to our overall job satisfaction and quality of life. In this blog post, we’ll explore some of the most popular job perks and their benefits.
What Are The Perks Of The Job?
When we talk about “perks of the job,” we are referring to the extra benefits or advantages that come with a particular job beyond the basic salary and job responsibilities. These perks are typically offered by employers to attract and retain talented employees and to create a positive workplace culture. Perks can range from flexible working arrangements, health and wellness benefits, professional development opportunities, paid time off, employee discounts, and more.
Why Should You Offer The Job Perks At Workplace?
There are several reasons why employers should offer job perks in the workplace:
- Attract and retain top talent: In a competitive job market, job perks can help employers stand out from their competitors and attract highly qualified candidates. Once hired, offering perks can also help to retain top talent, reducing employee turnover and associated recruitment costs.
- Boost employee morale and engagement: Offering perks demonstrates that the employer values their employees and wants to create a positive work environment. This can boost employee morale and engagement, leading to increased productivity, job satisfaction, and loyalty.
- Promote work-life balance: Job perks such as flexible working arrangements, paid time off, and health and wellness programs can help employees achieve a better work-life balance. This can lead to reduced stress levels, improved mental and physical health, and ultimately, higher job satisfaction.
- Increase employee motivation and performance: Offering professional development opportunities and other job perks can help employees feel invested in their work and motivated to perform at their best. This can lead to improved job performance and contribute to the overall success of the organization.
In summary, offering job perks is not only beneficial for employees, but also for employers in terms of attracting and retaining top talent, boosting employee morale and engagement, promoting work-life balance, and increasing employee motivation and performance.
Examples Of Best Job Perks
Here are some examples of popular employee benefits that are highly valued by many employees:
- Flexible working arrangements: This can include remote work options, flexible hours, or a compressed workweek. Flexible arrangements allow employees to better balance their work and personal responsibilities, leading to increased job satisfaction and productivity.
- Health and wellness benefits: This can include gym memberships, health insurance, mental health support, and healthy food options. Providing employees with resources to take care of their physical and mental well-being can lead to reduced stress levels, improved health outcomes, and higher job satisfaction.
- Professional development opportunities: This can include mentorship programs, skills training, and educational opportunities. Employees value companies that invest in their professional growth and development, and providing opportunities for career advancement can help retain top talent.
- Paid time off: This can include generous vacation time, sick days, and parental leave. Providing employees with paid time off allows them to rest and recharge, leading to increased job satisfaction and productivity.
- Commuter assistance: Commuter assistance is a job perk that provides employees with support to help them commute to work. This can take many different forms depending on the company and the location of their workplace, but it generally includes programs or benefits that make it easier and more affordable for employees to get to work.
- Employee perks and discounts: This can include discounts on company products, tickets to events, or other incentives such as free snacks and drinks. Providing employees with perks and discounts can create a positive company culture and improve employee morale.
Overall, these are just a few examples of job perks that are highly valued by employees. Ultimately, the best job perks are those that align with employees’ values and needs and help them feel valued and supported in their work.
How To Plan The Job Perks For Your Employees?
Following these steps can help you develop a plan that meets the needs and preferences of your employees:
- Conduct employee surveys and focus groups: Before deciding on specific job perks, it’s important to understand what your employees value most. Conducting surveys or focus groups can help you gather feedback on what job perks your employees would find most valuable.
- Review industry standards: Research what job perks other companies in your industry are offering to their employees. This can give you an idea of what is expected in terms of compensation and benefits, as well as what job perks might be unique or innovative.
- Evaluate your budget: Determine how much money you can realistically allocate towards job perks. This will help you narrow down which perks are feasible and affordable.
- Align job perks with company culture: Consider what values your company prioritizes and how different employee benefits might align with those values. For example, if your company prioritizes sustainability, offering commuter assistance programs might be a good fit.
- Develop a plan: Once you have gathered feedback from employees, researched industry standards, evaluated your budget, and considered your company culture and values, you can begin to develop a plan for offering job perks. Be sure to communicate the plan clearly to employees, highlighting the benefits of each perk and how to access them.
- Monitor and adjust: It’s important to regularly evaluate the effectiveness of your employee benefit and make adjustments as needed. This can include gathering feedback from employees, reviewing the cost and impact of each perk, and considering new benefits that may better meet the needs of your employees.
Above all, by following these steps, you can develop a job perks plan that meets the needs and preferences of your employees while also aligning with your company culture and values.
In conclusion, offering job perks is an important part of creating a positive workplace culture and attracting and retaining top talent. Commuter assistance is one example of a job perk that can make a significant difference in employees’ daily lives. Ultimately, the best job perks are those that meet the needs and preferences of each employee and contribute to their overall well-being and job satisfaction.
Employee wellness programs are the key to improving employee motivation, productivity, and retention. At MantraCare, we have a team of health experts, counselors, and coaches who serve corporate employees with 10+ wellbeing programs including EAP, Employee Diabetes Reversal, Corporate MSK, Employee Fitness, Corporate Yoga, and Employee meditation.