Attract and keep talents with 8 unique advantages of employees
What are potential candidates consider interesting advantages when they assess a job offer? Although a good salary and health insurance are essential, they are also the strict minimum of what an employee needs to be convinced to work for a company. In this modern era of competitive services, companies have started to explore the concept of “total awards”, which includes a combination of monetary and non -monetary advantages that companies can offer to employees. In this article, we explore what a total reward system means and 8 unusual advantages that can be included.
What is a total award system?
A total award system includes the total compensation that an employee receives from his work, as well as all the awards or advantages which are not of a financial nature. Starting with the remuneration of an employee, we must remember that he understands his salary and other financial advantages such as the bonuses based on return, commissions and, in some cases, equity. Now, to remain competitive in the current state of the labor market, you must be added to the equation of non -monetary advantages such as health insurance, retirement plans, paid holidays, career development opportunities, social benefits that support the balance of work, etc. Employee commitment in the long term.
8 unusual advantages of employees you can add to your total reward system
1. Unlimited PTO
A paying or discretionary leave (PTO) allows employees to take as many days of vacation, patients or mental health as they need. Of course, this is done after obtaining the authorization of their manager and according to their overall workload. This advantage gives employees increased flexibility and supports their balance between professional and private life, because they do not feel obliged to get sick to preserve their takeover. In addition, this stimulates productivity, because employees can take time and return to work by feeling rested and refreshed.
2. Home cleaning services
Imagine coming back after a long day of work to find your house tidy and sparkling, without having to do it yourself. It looks like a dream, isn't it? Some companies transform this dream into reality for their employees by covering the cost of professional cleaning of the house once or twice a month as part of their total award system. This advantage allows employees to rest and really relax during their leave, whether after work or during the weekend, instead of spending this time cleaning.
3. Bonus for new babies
Welcome a new baby to your family can be very expensive, and companies are starting to recognize it. Consequently, some companies offer employees monetary premiums to help them manage the many expenses to bring back a newborn baby. For example, Meta gives its employees a bonus of $ 4,000 to help them cover medical expenses and other purchases related to the baby, such as cradles or car seats. This substantial support during a period of major change can be a great motivation for employees, helping business leaders to keep precious talents.
4. Prolonged parental leave
New parents need time at home to recover and take care of their new member. Average parental leave in the United States is ten weeksForcing the new parents to go back to work just a few months after welcoming their baby. If you want to make your total more attractive award package, plan to extend the paternal and maternal leave of a few weeks to give your employees more time to adapt to parenting. It is also essential to ensure that their jobs are protected during their absence and that their wages will continue to be paid.
5. Pay “Pawterty” leave
But what about fur babies? Although bringing it a new puppy or a new kitten in your life is very exciting, it can also be difficult. If your business has a pet mentality, you can follow the example of Brewery. They offer employees for a week of remunerated “paw” when they adopt a new dog. This unusual employee advantage allows employees to help their new pet to adapt to their new house, to teach them certain rules of the basic house and to take the necessary measures to manage any separation anxiety that they may experience when the employee returns to work.
6. Budgets for learning and development
Employee development is essential for businesses today, equipping employees with the skills they need to maintain rapid changes in the business world. However, the creation of an L&D budget can be beneficial for employees and their employers. On the one hand, employees acquire valuable skills that can propel their career while businesses improve their workforce and improve their efficiency and productivity. In the long term, these growth opportunities promote employee's commitment and make your company an attractive employer.
7. days off for volunteer
For many employees, especially those of Generation zIt is essential to maintain their hobbies and its interests outside of work. This may include social causes that benefit their immediate or larger communities. If you wish to hire employees and promote a respectful working environment, plan to support this by establishing days off to volunteer in your total awards. For example, you can offer employees a day off each quarter to volunteer in a local refuge or give blood. This approach can also help you identify the causes that correspond to your company's social responsibility strategy.
8. Mental health perks
Professional exhaustion is an important problem with which employees have trouble, having an impact on their motivation, their commitment and their overall productivity. Fortunately, companies can reverse the negative effects of professional exhaustion and help employees regain their morale by taking measures to support their mental health. This may include mental health workshops that teach employees how to manage stress, manage their time or find additional resources. Some companies offer daily yoga or meditation sessions to help staff start their centered day, while others have therapy sessions. Take these measures to show your employees that you appreciate and appreciate them, and the positive effects on your business will be quick and noticeable.
Conclusion
Attracting talents and keeping it hired is increasingly difficult for businesses. A high salary is no longer enough, which means that business leaders turn to more creative solutions. This is where the total awards come into play to offer employees additional advantages that will bring out a company from the multitude of potential employers.
In this article, we have explored 8 unique advantages that you can offer to employees to make your job offers more attractive, covering problems such as work-life balanceMental health, growth opportunities, and more. Take the time to look for the advantages, in particular, your current employees and the candidates that you are trying to attract to consider as essential and improve your total reward system.
At Learnopoly, Finn has championed a mission to deliver unbiased, in-depth reviews of online courses that empower learners to make well-informed decisions. With over a decade of experience in financial services, he has honed his expertise in strategic partnerships and business development, cultivating both a sharp analytical perspective and a collaborative spirit. A lifelong learner, Finn’s commitment to creating a trusted guide for online education was ignited by a frustrating encounter with biased course reviews.