Using Perks to Attract and Retain Talent
While salary and benefits like health insurance and 401(k) will always be key to attract top talent, Glassdoor.com found that 80% of employees would prefer better benefits and perks over a pay raise. Perks are often non-wage items that highlight your care for employee wellbeing. Ask employees for feedback on benefits priorities, or vote on which 2 or 3 of the following perks they would value most:
Hybrid or flexible work schedules - to help reduce stress when employees need to handle child-care, appointments or pursue schooling – is a big part of improving work-life balance. Add a unique PTO day for birthday, anniversary, or volunteer day.
Office drinks & snacks – are more than gossip stations, they fuel body and brain. Research shows breaks can increase productivity, memory, creativity, health, and reduce stress.
Awards and celebrations – in front of their peers improves job satisfaction and employee engagement. Consider monthly all-staff meetings to recognize those who support company culture, solve problems, and achieve goals.
Career guidance/mentorships – assigning new employees a mentor beyond their manager, provides a sounding board and helps them adjust to company culture, and navigate challenges and changes.
Commuter assistance (like city parking discounts or public transit discounts), or Tuition Credit (to encourage ongoing development).
Wellness offerings - like onsite fitness classes, flu-shot clinics, health assessments, and financial wellness courses.
Want more ideas? These came from ObsidianHR.com’s great eGuide and newsletters that they’d be happy to send you.