Top 5 Employee Benefits every company must provide to their employees

Employee benefits also known as fringe benefits or perks include different types of non-salary reimbursements arranged for the employees supplementary their normal wages or salaries. Examples of these benefits include: housing; group insurance, health insurance retirement benefits and daycare benefits.

The goal of employee benefits is to raise the financial security of all the employees, and to improve employee retention in the organization.

Here are 5 important policies and programs every employer should provide to their staff :

1. Adjustable work timings and/or the work from home opportunities:

If you love your staff , you must be able to give them all the flexibility you can.

2. No Pay Discrimination:

You need to create payment programs that allow the same amount of salary for the same kind of positions

3. Employee Referral Bonuses:

Your employees are the best source to obtain new hires if you devise a simple method for them to refer their friends for vacant positions, and additionally paying the employee a bonus for every new hire will increase referrals.

4. Implementation of Non Discrimination Policy:

Along with HR practices to tutor your employees and management about discrimination, you also need to teach them to avoid discrimination in any form and to report any incidents that promote discrimination.

5. Functional HR Team :

You need to make sure that each member of the HR Team knows their responsibility and that their most important priority is to listen and be supportive of each employee and to provide solutions to employee problems.

Your employees are the backbone of the organization and its ability to grow in order to achieve the organizational goals, and providing these kind of benefits for your staff proves to them that the company actually cares about the well being of their employees.

A proper employee benefit package will help in attracting the best talents and also ensures that you can retain them.

Recommend0 recommendationsPublished in Human Resource

Related Articles

Benefits of Shared, Dedicated and VPS Hosting

In the case of shared hosting the hosting company looks after everything except your website. Unfortunately the position is not so consistent with dedicated server…

Free Job Posting Sites > List of 55 Free Job Boards

Free job posting sites refers to listing vacant positions on free job boards. The list of 55 free job posting sites will help employers, recruiters,…

11 Mistakes Millennials Should Avoid During Job Interviews

Millennials represent a demographic cohort that are generally agreed to be born between 1983 and 1999. The generation has certain traits that make them distinct…


This site uses Akismet to reduce spam. Learn how your comment data is processed.