One of the best ways to appreciate your employees is to organize the best employee perks they would never get anywhere else.
You will agree that employees are the most valuable assets of companies.
Aside from the salaries and wages, giving employees benefits is another way to appreciate them.
However, there are many ways to keep them effective and their talent alive and engaging.
So, the best employee perks have been listed in this article for you.
According to recent research, 48% of employees would weigh company benefits and work perks, plus the availability of snacks, in their decision in funding jobs.
So, if you have been looking for the best way to improve your employees’ appreciation, here you have the best employee perks recommendation.
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25 Best Employee Perks and Benefits
Let’s go through some of the best ways you can appreciate your employees to improve their productivity.
1. Flexible Working Hours
When offering the best employee perks.
You should consider making a difference with flexible working hours.
Flexible working hours help your employees to get more relaxed and always be charged and active to take up the next task.
2. Employee Rewards
Most employees want roles at companies that enable a certain kind of lifestyle.
Study shows that 80% of employees want perks or benefits more than they want a pay raise.
Ensure they get discounts on everything from dining to fitness to retail, including working with a third party to eliminate the hassle of negotiating discounts yourself.
3. Care and Appreciation
One of the best employee perks your team crave is appreciation.
They want to know their employers care about them.
You need to express your appreciation in ways beyond the standard paycheck and benefits package to help them make an impact.
4. Employee Recognition
A simple thank-you or compliment can change your employees’ day and help them do something incredible.
These Moments of gratitude and recognition can help your team members who are separated by distance feel closer and more connected.
In addition, there are several powerful business reasons to offer a recognition program as a job perk.
5. Personalized Bucket-List Experiences
Employees today look to work for companies that genuinely care and recognize their whole person.
The talent market is becoming more competitive, and employee retention has become a top priority.
As such, personalized employee perks are more than necessary ever.
The good news is that this best employee perks program has a powerful impact on employee retention, motivation, and company culture.
6. Vacation / Paid Time Off
According to Rick Warren in his book ” The Purpose Driven Life, “Time is your most precious gift because you only have a set amount.
You can make more money, but you can’t make more time…. Your time is your life.”
In addition, studies also show that once our basic needs are met, experiences contribute to our long-term happiness much more than material things.
Some employees value vacation or paid time off over a salary raise.
As such, you can help your team members by showing that they matter by giving them vacation according to your company policy.
7. Wellness Program
Considering offering a wellness program is one of the best employee perks your team will enjoy.
The sedentary pressures placed on workers often result in increased healthcare costs, low morale, and a less-productive workforce, among others.
As such, you can develop workplace wellness programs to increase employers’ widespread benefits.
Even though every company has unique goals and challenges, there’s a wide range of programs available for you to choose from.
You can try Nectar to provide fully customizable wellness programs that make healthy activities fun for employees of all shapes and sizes.
8. Paid Maternity and Paternity Leave
One of the best employee perks is considering paid maternity and paternity leave.
This has a psychological effect that extends to everyone, regardless of their parental status.
In addition, it shows employees that you see them as whole people with lives, families, and priorities outside of work.
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9. Retirement Plan or Pension
As peace of mind is invaluable for many employees, they choose a job that gives them job security.
This is because they have strong feelings about their retirement benefits.
However, you can step their savings game up by subsidizing employee savings, partially matching the contributions employees pay into their retirements and finding cost-effective ways to provide benefits for employees.
10. Discounted Access To Company Products or Services
Giving discounted access to your company products or services could double up as the best employee perks, depending on your business.
This practice can make your team member feel valued and included.
Also, you get valuable feedback from them as they use the products or services.
11. Healthcare Insurance
According to Glassdoor’s Q3 2015 research, 40% of respondents to the employment confidence survey said that they value health insurance more than a pay raise.
This can be traced to the fact that there was no affordable public health insurance option, and the only feasible way to afford insurance was through their employer.
However, employer-sponsored coverage is generally less expensive than public or private insurance.
In addition, there is peace of mind that comes with knowing that you are covered in the event of a significant accident or illness.
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12. Performance Bonus
Performance bonuses are of the best employee perks.
And the best way to do this is by tying the reward to results, giving employees a sense of ownership and control.
Also, it helps motivate your team in their work and gives them an ownership stake in their role.
Meanwhile, performance incentives engage employees and attract qualified new candidates to your company.
13. Paid Sick Days
The National Partnership for Women and Families says, “People without paid sick days are 1.5 times more likely than those with paid sick days to report going to work with a contagious illness like the flu or a viral infection.”
Alonso, offering paid sick days gives a sign to employees that it is okay to fall ill and to stay home when they’re under the weather.
In addition, contagious employees stay away, and your company is less likely to be eradicated by widespread illness.
14. Professional Development
Most employees are clamoring for professional development.
A whopping 80% of respondents in a study said that some form of professional development was either “important” or “very important” to them.
However, only a few companies offer professional development programs to employees.
You can do this to help your employee and business growth.
This is because investing in their professional development also helps them be more active and productive.
15. Employee Development Plans
Employee Development Plans are one of the best employee perks and a way to reflect this changing dynamic and ensure a mutually enriching relationship with your team.
The average employee’s tenure is plausibly only going to be 3-5 years.
More so, the company is responsible for the personal and professional growth of the employee during that time.
16. Tuition Reimbursement
The benefit of tuition reimbursement is that it relieves both the actual and opportunity costs. Employees can work and go to school simultaneously.
Also, they save doubly in tuition fees and the opportunity costs of being unemployed
17. Home Office Budget
Work-from-home and flexible schedules are among the best employee perks team members want.
You can build it out from the ground up with high-quality furniture, a comfortable office chair, and all the accessories they need to stay productive.
Even though it costs a lot from your purse, you can help them create the perfect workspace by offering a home office budget as a work perk.
If these look like what you want to do, Awardco can help you create a home office budget perk program for your team members and send funds in under five minutes.
18. Child Care Assistance
In the US, both parents work in most households with children.
This means that childcare is non-negotiable for millions of workers.
However, giving childcare assistance to your team may be the only way some families can afford child care and plan to grow their families.
Even though childcare costs can add up quickly, the joy of alleviating the burden is valuable.
19. Gym Membership
In 2015, a study published in the Annals of Internal Medicine found that the sedentary nature of American work-life has a deleterious effect on the health of American workers.
Put in a solid 8-10 hours per day at a desk in your demanding, high-stress job, which leaves your team physically and mentally drained.
This is because sitting for too long at work can cause adverse long-term health effects, including an increased risk of cardiovascular issues and cancer.
However, most companies have found ways to fight this trend by organizing gym membership to take away their fatigue.
20. Diversity Program
According to a study, a better practice is to hire for “cultural contribution.”
This means evaluating candidates not only for their skills and experience but for how well they might fit into the organization.
This mandates auditing your existing culture and actively seeking diverse viewpoints.
However, creating a culture of diversity and inclusion takes time, but the unity and productivity it returns will be well worth the effort.
21. Stock Options and Equity
Stock options and equity bestow employees a real sense of ownership in the business’s success.
As such, you can consider this one of the best employee perks for your team.
In addition, it helps strengthen the emotional connection between employees and their work and creates an engaged workforce.
22. Reduced Prescription Drug Costs
If you think healthcare insurance is costly, the cost of healthcare has become a source of frustration and pain.
Still, providing high-quality and affordable healthcare is one of the best employee perks to attract and retain employees.
You can try GoodRx for the best lower out-of-pocket prescription costs for employees.
23. Commuter Assistance
Most employees spend way too much time commuting.
Commuter assistance can go a long way towards improving the quality of life of your team.
This is because most employees will take a job with a short commute over a long one.
As such, you can help with commuting assistance like rideshares, passes for public transportation, or even shuttle buses.
24. Office Perks
You can reward your employees with pints of ice cream or snacks daily.
This helps your team member stay active and hydrated while they work.
You can also offer healthy snacks or encourage them as they go about their daily jobs to reduce fatigue.
25. Paid Parental Leave
It is usually hard for professional men and women as it often feels like they have to choose between a demanding career and a rich family life.
Thereby, they delay starting their families to focus on their careers.
However, you can develop programs that allow substantial work and family lives to coexist.
As such, they wouldn’t feel compelled to leave the latter for the former and vice versa.
Conclusion
Most employees are accustomed to being catered to, and high-end perks are expected among workers with the most in-demand skill sets.
Though it might seem complicated to keep up, there are more straightforward ways to create an environment that workers will appreciate.
As such, 25 of the best employee perks have been analyzed for you to help keep your team members active and productive.
Meanwhile, 56% of employees say employee perks and benefits are essential when assessing a job.
However, investing in the best employee perks can help you cultivate your company’s culture to succeed.
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