5 Company Benefits Employees Consider to Be Crucial

Employee Benefits
Employee Benefits Photo credit tumsasedgars/Getty Images
By , Small Business Pulse

Keeping employees healthy and happy have become protocol for both big and small businesses, but what exactly is top priority for workers? According to Glassdoor, employees value “benefits or perks over a pay raise.” Health and wellness ranked at the top of the list, ensuring business owners keep in mind the overall happiness and well-being of their employees. These perks include healthcare insurance, vacations or paid time off, performance bonus, retirement plans, flexible schedules, childcare, gym memberships, tuition reimbursements and more.

In today’s questionable healthcare climate, it’s no wonder this option ranked above all. Affordable healthcare leads the list in office perks as most workers prefer health insurance to other employee benefits. Medical, dental and vision benefits will keep employees and their families healthy, reducing the amount of sick days. In addition, mental health requires attention and many insurance companies either don’t cover it or don’t offer enough benefits towards therapy, etc. Offering additional finances towards counseling helps to reduce employee stress.

Vacation time and paid time off 
Happy, well-rested employees are more productive. Vacation time or paid time off can be just as valuable to your employees as pay raises. According to Rusty Rueff, Glassdoor career and workplace expert, for employers to compete in today’s job market, offering an attractive benefit package guarantees success within “different demographics, industries and occupations.”

Performance bonus
Athletes receive performance bonuses, so why not employees? Showing value in one’s ability increases morale and entices coworkers to outperform each other. Healthy competition raises productivity. It’s a win-win for all.

Flex schedules, sick pay and 401K
If you are sick with a cold or the flu, you should not come to work and infect your coworkers. Paid sick days are essential to a healthy workplace. Flexible schedules are also very popular. Working from home one to two days a week saves money on commuting. Shortening the work week and increasing a day’s work allots families more time together. In addition, in today’s economy fewer people are saving for retirement. Pensions, 401K and retirement plans tell employees you care about their future.

What office perks would you like to see in your work environment? Other valued office perks include on-the-job training or professional development, free lunch, paid lunch hour, “dress-down day,” tuition reimbursement, gym memberships, stock options, childcare, paid parental leave, commuter reimbursement, and a diversity program. Happier employees are often more productive employees.