When you are hiring candidates to become a salaried employee in your company, it becomes your responsibility to provide them with some of the important employee benefits.
Employee benefits help the employees to work freely and also act as motivation so that they can perform even better than the current case.
So, how can you know about the benefits that you can offer your employees? There are some of the basic benefits that almost all companies offer their employees. Of course, some of the biggest companies are known to offer some beyond the basic facilities too.
But if you are looking for the basic list of employee benefits, here are some of them that can be followed.
List of Employee Benefits
1) A Retirement Plan
One of the most important benefits that the companies are known to offer to their employees is a proper retirement plan. If the employee is under the payroll of the company, a certain amount from the salary is deducted each month from the employee.
This is a negligible amount that is deducted each month throughout the time the employee is there in the company. When the employee leaves the company or even retires, this particular amount, along with other monetary benefits, are provided to the employee as a lump sum amount during the exit.
This can be a great help for the employees financially.
2) Paid Leaves
Another great benefit that the salaried employees enjoy is that of paid leaves. Apart from the weekly offs or the weekends, there are of course holidays at different festivals and national holidays. But apart from this, the employees are promised with several paid leaves throughout the year.
These leaves get renewed each year. The employees can take such leaves whenever they have any personal requirement or any other reason because of which they need to stay out of the office.
There are several offices where the leftover leaves are carried forward to the next year so that the number of leaves for the next year increases.
Also, there are several offices where some of the leftover leaves are encashed and paid to the employee in place of carrying it forward to the next year.
3) Health Benefits
It is very much important to take care of the health of the employee so that they can perform well for the company and can provide you with great profits and productivity. Several companies offer them membership with a particular hospital so that they can land up to that hospital for free treatment of any of the health conditions.
On the other hand, other companies offer some other ways of help, such as health insurance that can cover some of the major expenses caused due to illness.
Though some of the companies just take care of the health of the employee, many other companies also cover the health of the family members such as parents, spouse, and kids.
Such companies understand that managing a higher expense on the treatment of the family members can also be a huge thing, and hence taking care of it is also the responsibility of the company itself.
4) Bonus And Incentives
Employees work not just for a fixed salary. Expenses are getting increased by each year, and hence employees also expect their salaries to get increased in close frequencies. This is again one of the benefits that the companies do offer for their companies.
There are several times of the year when bonuses are provided, such as the major festival of the state or even once in a year to appreciate the performance of the employee.
Each year, getting enrolled in the system of appraisal is the most important thing for any employee. The appraisal calculates the performance of the employee for the year.
Depending on this performance, it is decided whether the employee is entitled or an increment or not. Also, depending upon the level of performance of the employee, it is decided about the percentage of the increment that the employees should get.
5) Motivational Benefits
Though the basic reason for such employee benefits is to offer motivation to the employees, there are several times when the employees consider such a list of employee benefits to be their rights.
In such a situation, the company also offers several other motivational benefits to the candidates so that they can feel special.
Some of the special benefits that some of the companies offer are – a reward for performances apart from the increment, reward to the employees who have done something great for the benefit of the company, gifts, and souvenirs for festivals and yearly celebrations, and so on.
Such employee benefits are offered to new parents. With the daycare service for their children, businesses can ensure better motivation for them to continue their jobs.
They are companies that offer pay fully or partially for the daycare requirements of their employees. Bug businesses have such daycare centres in their premises.
7) Parental Leave
This is, again, a very prominent benefit that needs a place in the list of employee benefits. In this, paternity paid maternity; adoption leaves sorts of benefits are comprised. Extra perks or leaves in such periods let businesses have a loyal and dedicated workforce.
8) Education & Employee Assistance Programs
With such sorts of employee benefits, businesses offer to cover the expenses associated with the training, tuition, etc.
Some of the employers offer assistance for the work and personal problems as well that is considered highly motivational. Counselling for wide sorts of familial issues such as marital, emotional, financial, emotional, addiction, etc. is also comprised of such services.
9) Housing & Business Expenses
When businesses ask their employees to work in some remote locations or away from their home town, offering to the house as an employee, the benefit is considered quite helpful. Relocation assistance also comes in such sorts of benefits.
Employers sometimes also handle the business expenses of their employees. Paying for their business meals and entertainment is also included in the list of employee benefits.
10) Events, Entertainment & Membership
The company can also sponsor special events for motivating the employees to work more enthusiastically after a short and amusing break.
Offering passes for the movies or theme parks also come in the list of employee benefits. Some of the employers also give special passes for all the family members, so they can feel more motivated.
Offering special memberships for the sports or social clubs to the deserving employees is one important benefits that can be quite useful in refreshing employees.
11) Wellness, Food, and Beverages
Ensuring employee benefits program that can encourage employees for staying healthy can also be in the list of employee benefits. Offering gym membership, or consulting with a nutritionist comes under such programs.
Offering tea, coffee, or water services along with a free cafeteria for the employees are also incorporated in such lists.
12) Products, Services & Working Conditions
Letting your employees have free or discounted access to the company products and services is also an important benefit that should be in the list of employee benefits. Bank employers offering a discounted mortgage to their employees is one such example.
Generous working conditions as per the specific requirements of some of the important employees should also be an integral part of such lists.
13) Other Benefits
Several companies are known to go some extra miles to offer extra benefits to pamper their employees.
Many other benefits that many of the companies do offer their employees are babycare of crèche for the employees, who are also mothers, financial gifts for the employee who is about to get married or are looking for some higher education, extra leaves for expecting mothers, holiday packages for the star employees, or any other such similar options.
If you make your employees feel comfortable working in the office, they will surely provide you with good productivity, and hence you will enjoy great results.
For this, you need to boost the confidence of the employees and keep them motivated all the times with those extra benefits. There is a list of employee benefits that comprises of the basic ones, but there are many such companies that offer some extra benefits to upon the basics.
Such benefits provide a great environment for the employees to work in, and also they talk about the work culture outside so that others can also know about the positive points of your company.
So, what kind of benefits do you consider best for you from the aforestated list of employee benefits?
What benefits do you find the best fit for employees for increasing their productivity?
Did we miss any of the benefits that you consider important for a comprehensive list of employee benefits?
Share your thoughts in the comments below.