Standard Benefits And Perks At Work Offered By Most Large Corporations
|In today's hectic business world corporate employees spend most of their days at the office. Luckily, many corporations aim to make their hard-working employees as satisfied as possible by offering competitive benefits and perks at work. Employee perks have a huge impact on an organization's bottom line as they increase productivity, creativity, and lower overall employee turnover. The reality is that standard benefits packages offered by organizations today just aren't cutting it, which is why many firms have decided to liven up their benefit packages with appealing advantages and perks at work.
Aside from salary healthcare is of the utmost importance to working individuals .It is the foundation of any benefits package, as it is the preferred benefit among most employees. Health insurance usually includes medical, dental vision and life insurance coverage for the employees and their families.
Retirement Savings Plan
A retirement savings plan (401k) is a great way to drive employees to save money for retirement. Many firms offer to match contributions made to the employees retirement plan. For many employees, the best way to start saving towards retirement is through a 401k program provided by the employer.
Employees who intend to start a family want to know that they can continue to pursue their careers and hitting their achievement goals while doing so. For that reason, many firms offer paid time off for new and expecting parents, for both men and women.
Paid Time Off
Personal time off (PTO) is highly valued by employees. Whether it is used for vacation, illness, or just some time alone employees feel that PTO reduces burnout and makes them feel valued and appreciated. Most companies offer a two week standard, while others offer three or more weeks. Most firms also grant nine paid holidays including Christmas, Thanksgiving, and Independence Day.
Employees want opportunities for professional development more than ever. Many employers will fund training and continued education to employees who want to master new skills and advance into other roles.
Perks At Work That Enhance Employee Retention
|Employees are the most valuable resource to any corporation in any industry. Many firms have incorporated programs and perks at work that will let employees acknowledge their value. These persuasive perks increase overall employee satisfaction and enhance employee retention. Perks at work often include health and wellness programs, employee discount programs, work from home, transportation and parking reimbursement and concierge services.
Whether it be through paid yoga classes or health screenings, wellness programs are perks at work that affect creativity, productivity and overall employee mental and physical health. Usually companies provide unique wellness programs that will cater to the needs of their employees. More and more companies are recognizing the role wellness plays among the workforce.
Employee Discount Programs
Employee discount programs are a perk at work that provides employees with a variety of products and services at a discounted rate. These programs lead to a high rate of employee engagement and overall satisfaction, which is why many corporations decide to implement them into their perks at work. To read more on employee discount programs
Work From Home
As more working professionals seek a better work-life balance, more companies have shifted towards flexible policies that accommodate working from home. Employees love the benefits of being part of an established company while enjoying the advantages of working from the comfort of their homes.
Transportation And Parking Reimbursement
Employees who travel long distances, pay for parking and tolls, or endure public transportation appreciate a reimbursement from their employer. This perk at work will make the morning and evening commute a little less dreadful.
Premium Employee Perks At Work
|The premium perks are only available to a limited number of corporations that can afford it. These perks at work can substantially improve work-life balance and increase flexibility, but can cost the corporation dearly. Aside from traditional health benefits and a retirement savings plan, premium perks can improve employees and their family’s quality of life. Some of the premium perks at work include flexible work schedules, more vacation time and employee outings and bonding events.
Flexible Work Schedule
Flexibility and work-life balance are of the utmost importance to many corporate employees. Flexible work policies such as working from home allow employees to set their own schedules and take time for "life" moments such as doctor's appointments. Working from home is often the most desirable perk at work as it results in happier, more satisfied employees.
More Vacation Time
Many employees would consider a lower-paying job that offers longer or unlimited vacation time. Longer vacation time sends off a message about the company's culture where employees are treated as trusted individuals who can manage their workload regardless of how much time they take off. Other countries such as France and the UK offer extended paid time off. Every year the French take the month of August off for vacation. In the UK, employees enjoy twenty eight days of PTO.
Employee Outings And Bonding Events
Aside from building trust, and strengthening communication, employee outings and bonding events are often very desired by employees. Companies that hold corporate outings such as dinner, plays, and sporting events typically build employee morale and establish an better work environment. Employees also enjoy getting together for fun-filled events.
Super Premium Employee Perks At Work
|Super premium employee perks are perks at work that exceed employee expectations. Companies that offer these types of perks at work are looking to improve employee moral and satisfaction at all costs. These lavish perks include free food, game rooms,onsite gyms, and sometimes even onsite bars.
A great way to make employees feel at home is by providing kitchens filled with free snacks, coffee, and drinks. This perk at work allows employees to save money and grab a quick snack without having to go off-site.
Nothing beats an afternoon slump like a quick game of ping-pong or a pool match. Game rooms allow employees to have fun and take their minds off a stressful work environment. It also sends them the message that the employer wants them to have fun and enjoy working for the company.
Companies with large offices will typically use up a room for an on-site gym. These gyms are a great way to keep employees committed, creative, and motivated. A good cardio session will always boost up creativity. Onsite gyms also improve team bonding as employees engage with each other in physical activities such as lifting weights or competitive basketball games.
Although they are rare, some companies offer onsite bars where employees can grab a quick drink to get them through a long stressful day. These bars offer a variety of drinks and cocktails at little to no cost to the employee.