Here are Some Employment Benefits Ideas for Your Company

Back in the days, job seekers only cared about money. Job seekers would try to find jobs with the highest possible salary. So if a company is targetting a talented company, they will have to offer the best salary.

Today, employees still care about compensation, but that's not all. Today's job seekers value much more than pay when looking for the right job opportunity. Now, employers have their work cut out for them.

Job seekers today want better employment benefits. Other than health and dental insurance, what other benefits can attract the most talented job seekers?

1. Commuting benefits/allowance

Many people spend a lot of the money they earn getting to and from work. As the cost of living increases along with gas and season parking rates, it can be quite tough on employees. It's the same with taking public transit 5 days a week.

People always take commuting costs into account when deciding on a job opportunity. If they find an offer that is only a bit better than one from a company that is closer, they'd rather choose the one with the shorter and cheaper commute. 

Offering to pay for your employees' transit passes and parking is a great benefit to offer. This is a great perk that can attract candidates who don't live close to your workplace. Your company will also take care of what can be a huge expense for the majority of the people you already hired.

Offering to pay for your employees' transit passes and parking is a great benefit to offer.

2. Wellness benefits

It's no surprise, healthy employees do excellent work. Those who exercise regularly are more productive, take less sick days and are able to manage work-related stress.

It's a win-win situation if you offer wellness benefit for your company and employees. Your company can help employees take care of themselves by paying for monthly gym memberships, reimbursing them for health-related purchases or even providing fitness classes or equipment in the workplace. 

Wellness benefits encourage employees to stay healthy, helping your company maintain a productive workforce.

This will also help your company's recruiting efforts as top talents tend to value personal health and will be drawn to an organisation that pays for their fitness expenses. It also shows how much you care about the wellbeing of your staff.

3. Education/training reimbursement

Everyone wants to grow their career. The majority of job seekers likely view the opportunity of working at your company as a launching pad to bigger and better things. They think if they do great work, they'll eventually get promoted and rise up the ranks in your organisation.

But not many companies actually promote from within. After all, it makes more sense to hire an experienced external candidate than promote a junior team member.

You can solve this problem by offering benefits that help your employees prepare for career advancement. You can send team members to learn new skills on their own time by offering to pay for a certain amount of their education expenses.

With so many online schools, professional conferences and training programs offered by accredited institutions, this will help full-time professionals prepare for career growth.

Similar to wellness benefits, education reimbursement benefits helps your company build a team of skilled people who are prepared to seize opportunities when they arise.

4. Flexible work schedules

According to Deloitte’s 2017 Millennial Survey, young job seekers value job opportunities that allow them to work remotely and choose their own hours. This might sound like a big ask to some but it has actually never been easier to work closely with others from afar, thanks to technological advancements.

It’s becoming increasingly popular for corporations to do completely away with an office and have everyone work from the comfort of their homes. However, that approach is not right for every company.

The most rational solution is to allow employees to work from home as needed or select the work hours that are best for them. This is especially beneficial for parents who may need to stay home with a sick child or leave in the midafternoon to pick their kids up from school.

You can also consider allowing employees who mostly work on their own to telecommute. This will make your recruiting efforts easier as you'll be able to hire non-local candidates. You'll also attract top talents who value the opportunity to work remotely.

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