Boost Employee Retention With Non-Traditional Benefits
Small businesses may have limited resources, but that doesn't mean they can't offer unique and attractive benefits to their employees. Here are a few non-traditional benefits small businesses can offer:
Flexible scheduling: offering flexible scheduling options to employees, such as telecommuting, flexible hours, or job sharing, can help employees achieve a better work-life balance and reduce stress.
Professional development opportunities: training programs, workshops, or mentorship opportunities help employees grow and develop professionally.
Wellness programs: wellness programs that include things like yoga classes, gym memberships, or mental health support are increasingly sought-after perks in today’s workplace. A robust, well-thought-out wellness program will not only help attract employees, but it’ll also help you keep them, too.
Volunteer opportunities: A top priority for Gen Z in particular, giving employees paid time off to volunteer in the community or support a cause they are passionate about is a great addition to your benefits package.
Pet-friendly policies: Consider allowing employees to bring their pets to work. If that’s too much, allow it one day a week, or one day a month. It’s well-documented that pets reduce stress, and this is a good way to increase employee satisfaction.
Parental leave: offering paid or unpaid parental leave for new parents helps them balance their work and family responsibilities.
Free snacks and beverages: provide free healthy snacks and beverages to employees, to keep energy levels up, improve morale and boost productivity. Unlike meals, 100% of these can be written off.
Professional wardrobe allowances: allowances for employees to purchase a professional wardrobe can help employees feel more confident and presentable.
Employee recognition programs: craft an employee recognition program that rewards and recognizes the efforts of your employees. This is an effective way to improve motivation and engagement.
Mental health benefits: Post-Covid, mental health benefits have become a top priority for employees. Consider offering counseling services or therapy sessions.
To boost your employee retention and engagement, offer non-traditional benefits that are tailored to the specific needs and interests of your employees. By offering a mix of traditional and non-traditional benefits, small businesses can create a positive and supportive work environment that helps them retain top talent and stay competitive in the job market.