Awesome content, even better software. Just think what our technology could do for you.
The Love Language of Workplace Motivation
In part one of our Love Languages series, we talked about how Words of Affirmation can make all the difference in your performance reviews process. In part two of this five-part series, we’re going to focus on the love language Acts of Service, and apply this concept to showing workplace motivation through employee benefits.
How to Apply Acts of Service in the Workplace
We all know the saying “actions speak louder than words.” When it comes to offering benefits, this saying definitely rings true for employees. Workers want to know the loyalty they give to their job is not one-sided. The best way to show employees they are in an equal partnership is by providing them with comprehensive benefits.
Use Employee Benefits to Show Acts of Service in the Workplace
According to an annual employee benefits survey conducted by SHRM, employers were more likely to increase offerings than to decrease them. In fact, 20% of employers reported increased offerings for health-related benefits and wellness benefits alone. It’s important for organizations to provide a well-rounded benefits package to attract and retain staff.
Part of an employee’s job-hunting process is checking out the benefits package a company offers. Businesses that provide competitive employee perks show future and current staff how much they are valued. When employees know their company cares about their health and well-being, businesses can gain a competitive advantage over other companies who are vying for the same candidates.
What Benefits Should You Offer Employees?
So what benefits should you offer to your employees? Providing tried and true benefits such as health coverage, paid time off (PTO), and retirement is a great start, but is it enough to retain your top talent?
According to a national survey completed by Jobvite, “More than one-third of job seekers expect employers to offer a casual dress-code.” If this is the case, what types of benefits do employees value the most? We looked at a compilation of benefits that attract top talent, and here are some options to consider adding to your benefits package:
Professional development and training
Paid maternity/paternity leave (including PTO for adoptions, foster, and surrogacy)
Paid time off (vacation, sick, and personal time off)
Paid volunteer time off
Retirement savings and planning
Workplace perks (casual dress codes, free food, and drinks)
Flexible pay, hours, and options to work from home
While some of these benefits come as no surprise, this list also includes more specialized perks that are worth considering. As an HR manager, it’s important to have an open dialogue about what benefits are most important to your workforce. Finding a good balance in the benefits package you offer will allow your company to retain a valuable workforce and maximize the money spent on benefits.
What’s Your Love Language?
Find out by taking the love language quiz.
What Employers Gain From Better Employee Benefits
Offering a great benefits package isn’t just good for employees, employers can gain the following advantages from reevaluating their employee benefits:
Attract New Talent: By offering a more desirable and comprehensive benefits package, your company will stand out, and prospective employees will take notice.
Retain Existing Employees: It’s always more cost-effective to keep employees rather than replace and train new ones. Minimizing your turnover rate helps save you time and money.
Boost Employee Morale: When employees are satisfied with their benefits, they are satisfied with their job. Showing that you care about your employees creates job loyalty and commitment.
Increase New Customer Growth: When employees are satisfied with their workplace, they are more likely to refer their place of work to their friends and family. Similarly, a happy employee is one that is more likely to have a positive interaction with a customer.
Improve Employee Health: Employees who receive quality healthcare are more likely to go to the doctor for regular check-ups and take more preventative measures to stay healthy. Furthermore, offering sick-leave can prevent contagious employees from making others sick, leading to less absenteeism company-wide.
Improve Job Performance: Happier employees are more productive employees. They’re more willing to put their best foot forward day in and day out when they work for a company that provides great benefits.
SHOW YOUR EMPLOYEES THEY MATTER
The greatest act of service companies can demonstrate to their workers is offering a benefits package with their employees’ best interests in mind. Consider auditing your employee benefits packages, as well as incorporating employee feedback on current and future benefits options. By showing your employees their organization cares about their well-being, your business will feel the love too.
Next: Part 3, The Love Language of Payroll.
Check out more great articles from the APS Blog covering HR, payroll, and everything in between.
Learn about the different reporting methods for 1094-C and 1095-C ACA annual reporting so you can maintain compliance.
In this article, church leaders will learn how to identify payroll and HR technology challenges in their existing systems. They will also learn how to improve their employees’ experience while working for the church by closing those gaps.
In this article, we’ll discuss the 4 benefits of switching to paperless payroll to save you time, money, and eliminate potential errors.
In this article, we’ll explain how to identify common learning types and how you can train your employees in an engaging way.
Preparing for ACA reporting can be an overwhelming task but with the right tools, you can simplify this process and ensure compliance.