Make sure you have some perks
The value of perks should never be underestimated when it comes to employee satisfaction and retention. Perks can help boost employee satisfaction and morale and can truly differentiate a company. Businesses are limited only by their own creativity in term of the perks that they can offer.
Learn everything you need to create or improve your HR policies to hire and retain the best employees.
Overview
Recruit your employees
Hiring an employee involves more than filling a position. An employee represents your company and is a valued member of your team. You want the best fit possible.
Retain your employees
Build the pillars of your HR policies with an employee manual, organizational chart and job descriptions.
A retention strategy can also help you avoid the cost of employee turnover. It will ensure you are providing stimulating work, work-life balance and supportive management to have employees meet their potential.
Benefits are the baseline expectation of workers when it comes to perks. If you have not considered how compensation and benefits packages can impact the ability for your business to be attractive to the right employees, you may consider engaging a human resources professional to give you guidance.
Flexible work environments are attractive – perhaps even expected – for young professionals. A flexible work environment can include things like the option to work remotely, summer hours, variable hours of work, unlimited or mandated vacation, relaxed dress codes, etc. Many companies are adopting practices like ‘ROWE’ (Results Oriented/Only Work Environment) meaning employees can work when they want from wherever they want, as long as they get their work done.
Gone are the days where individuals stick with one employer for the duration of their career; professionals are likely to work for many different organizations through their life. But helping an employee grow as a professional and a person can build loyalty and extend the time they will stay with you. Perks can include: career path support; contributions to education and training opportunities; mentorship matching; and conference and event attendance allowances.
Your employees may incur expenses in the run of a day, week, or month in support of your business – and you can show your appreciation for their contributions by covering some of their expenses. Such expenses could include cell phone plans, mileage, transportation to and from work, technology allowances (e.g. laptops), ergonomic and health-conscious furniture, hospitality allowances, etc.
The type and attractiveness of the perks that your business offers are limited only by your own creativity and resources. Perks can be premium, or they can simply be quirky. Known other perks include: stocking office kitchens for employee use; free breakfast; catered meals; on-site fitness centres; laundry services; pet-friendly environments; corporate swag; onsite daycare; life coaching; regular social events; company retreats; and so on.