Employment Perks
Employee Benefits are the indirect and non-cash compensation paid to an employee. These benefits are given to employees over their salaries and wages.
Employees love benefits. They want appreciation and recognition for their hard work. Many employees apply for organizations depending on the perks and benefits offered by that company.
Job satisfaction is directly tied up with employee satisfaction. Ignoring employee satisfaction will ultimately lead to a decrease in commitment. Thereby causing a lack of motivation, efficiency, and finally productivity.
List of Employee Benefits
- 1. Insurance Plans
The organization pays specific amounts of money to cover an employee’s medical care. These include insurance for losses from accidents, disability, sudden death, dismemberment.
- 2. Retirement Plans
A great employee benefits idea to add to your compensation package is providing your full-time employees with financial security.
- 3. Performance Bonus
Everyone wants to and loves being appreciated. And when you understand employees for their hard work and achievements, they continue to perform well.
- 4. Wellness Programs
Integrate your benefit program with your employees' health and wellness journey. Wellness programs are initiated by the company to encourage employees to maintain a healthy lifestyle.
- 5. Childcare Facilities
It is a type of child care sponsored or managed by an employer. The employer usually provides working parents the privilege to find work-life balance.