To boost productivity as well as to promote
engagement and loyalty in the work place, most companies today are offering
various benefits. Plenty of these benefits meet the basic needs of employees
that would otherwise be very difficult to have access to without the help of
their employers.
Employee Benefits
Employee benefits are broadly classified as
those that are considered by employees as necessities. And these will include
life insurance, health insurance, accidental death insurance, unemployment
insurance, dental insurance, and disability insurance.
Employee Services
Employee services, on the other hand, are
classified under employee benefits. These are usually optional and plenty of job
seekers put little weight son these in terms of deciding to join an organization
or not. Also, these services focus more on helping employees be loyal to the business.
These will include those that are deemed by employers as perks for their
workers.
Ideally, there is no limit as to what these
services include. It can be as simple as giving catering services for employees
or perhaps dry cleaning pick-up services for busy workers. A shuttle service
for your employees can be a part of these services if you have offices in
various locations. You can also provide on-site childcare services as well as
facilities so you can lure great talents. It is further emphasized that it is
the company owner who will decide which services to offer to employees. Bear in
mind that instead of actual benefits, these services are regarded as perks.
Why Your Organization Must Invest In Employee Services
Both employee benefits and services are
very crucial in cultivating the culture of the company. For employees, both of
these will indicate that their organization is investing greatly in their
well-being. In turn, this can help instill a great sense of loyalty. But prior
to designing as well as implementing a benefits and services scheme, it is very
important to know the possible pros and cons it provides.
The cost involved in doing such is indeed
among the critical issues you must be aware of. In most cases though, this cost
can be offset by tax deductions. Also, employers must avoid falling into the trap
of copying the benefits progamme that is being implemented by their industry
peers. Rather, they must focus more on services that might be cheaper and less
comprehensive but can resonate more with their employees.
Apart from that, employers must know the
costs of the services will increase over time. With that being said, you need
to have a backup plan ready if there comes a time for you to get rid of these
services.
About the author: Noel Monsoine is a
business owner who emphasized that benefits of investing in employee services
and benefits. These are worthy investments that can help boost work
productivity as well as attract and retain talents in your company. Get them
from Personal Group now.
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