top of page

What are company benefits and why are they important?

Indeed says: “employee benefits are types of compensation companies provide their staff in addition to a salary”. Like flexible hours, meal vouchers, days dedicated to wellness, online or company learning courses, family support, etc...They represent a non-monetary compensation that aims to improve the quality of life of the employees within (and often also outside) the company itself.

A good benefits package shows that a company cares about its employees and increases staff well-being and improves the work environment.

In fact, they fall within the concept of corporate welfare, that is, the set of initiatives and services aimed at increasing the well-being of an employee.

The main resource of a company is its employees. Retaining them or the most qualified staff is the primary goal of any organization.

Providing valuable company benefits can impact the employee retention strategy by significantly increasing the chances of retaining the best talent in the company. Employee retention also decreases the chances of staff leaving for positions with competitors and taking company know-how with them.

Understanding the real value of these employee benefits is no small plus, in fact, satisfied employees tend to work more productively and at a higher level and some of them can help reduce stress and fatigue and prevent burnout.

So, learn to listen and understand what employees really want and offer them advantages in line with the company resources

No idea where to start? Here’re some examples of company benefits that can inspire you!

  • Health coverage: is important for keeping employees, and their families, healthy and helping them pay for medical expenses

  • Paid time off: Companies might also give religious holidays or a certain number of personal hours per year

  • Vacation time: Some companies offer more or unlimited vacation time. Employees may gain weeks of vacation time the longer they work for a company.

  • Family and Medical Leave: Companies are required by law to give employees up to 12 paid weeks off for the birth of a child or a serious medical condition.

  • Retirement plans: Companies can offer various retirement plans, but all involve saving a set amount of your earnings for retirement.

  • Flexible hours: A company might allow employees to set their own hours rather than work strictly on a schedule

  • Remote work: some companies give their employees the flexibility of working from home or the office and telecommuting.

  • Wellness programs: Office wellness initiatives might include policies and activities designed to keep employees healthy and educate them about physical well-being.

  • Tuition reimbursement: Organisations might support their employees' professional development by paying for a certain amount of their continuing education tuition.

  • Performance bonuses: A company's benefits might include pay raises or bonuses based on good performance or goals and milestones met.

  • Relocation assistance: Companies might cover the cost of moving to a new city to attract skilled employees from other regions.

  • Workplace perks: Other office benefits might include free meals, gym memberships, pets at work, child care, company cars, employee retreats and free massages.

If you don’t have any employee benefits in your company at the moment we hope that this article will help you understand where to start to make you more attractive and one of the best places to work for.

We often forget that there are people behind the number of a company and that this number will rise if we raise the employees first!

Have a look at our online catalog and give your employees an e-learning opportunity!

4 views0 comments


bottom of page