10 Benefits and Perks for Attracting and Keeping the Best Employee
It does not matter if you are running a startup or a decades-old corporation. The benefits and perks included in your compensation package can sway potential employees toward saying "yes" to the job. Glassdoor’s 2015 Employment Confidence Survey revealed that benefits are a major factor in a future employee choosing your company. Further, 80 percent of employees would prefer add-on benefits over a pay raise. Consider the top five benefits employees check before anything else: healthcare insurance, paid vacation, performance bonus, sick benefits, and 401(k) plans.
After looking at these stats, do you believe it is time to update your company’s offerings? To get you started, here are the world’s best examples of unique, generous, or simply hard-to-resist benefits and perks.
Related: The Basics of Employee Benefits
Free housing for interns.
Facebook has a holistic approach to benefits and perks. Its employees enjoy services and treats in seven areas: health, family, community, growth, finance, convenience, and time away. There is another group that the company wants to keep happy: its interns. They get a competitive package that includes free housing and health care coverage. At 4.7 out of five stars, Facebook’s overall benefits ratings are the highest you will find on Glassdoor’s list.
Full tuition reimbursement.
Starbucks treats you like a human being, according to a former barista. You can enroll at the Arizona State University and get an online bachelor’s degree -- on the house. The coffeehouse chain guarantees it will reimburse your full tuition.
A $60 wellness stipend.
Apparently, Eventbrite wants its tribe healthy and thriving. It provides its employees with a monthly wellness stipend worth $60, which can cover a VIP membership in some gyms. Plus, it dishes out catered lunches and healthy snacks in the workplace. It is hard not to stay on top of your game if your company is looking after your health, too.
The United Services Automobile Association (USAA) matches 100 percent of contributions up to eight percent. Those who left their jobs in the Fortune 500 firm attested to its unmatched terms. Some claimed it was five percent higher than what they got from other employers. While USAA gives generous incentives, it also encourages all of its workers to take charge of their retirement savings plan.
Related: Should You Offer a 401(k) Plan?
A partially-paid sabbatical.
Deloitte allows its employees to take a sabbatical. If you need time away for whatever reason, you are free to go on a one-month sabbatical, without pay. If you want to pursue a personal or professional growth opportunity, Deloitte will let you go for three to six months while paying 40 percent of your salary throughout that timeframe.
Strong employee assistance program.
Southwest Airlines shows genuine care for its people through an employee assistance program called Clear Skies. It assures them that Clear Skies is available twenty-four-seven and observes 100 percent confidentiality. Included in the program are the following: immediate telephonic counseling and up to five face-to-face counseling sessions, access to convenience services, and access to specified legal assistance services.
A $2,000 travel stipend.
Paid parental leave.
IKEA boasts a strong company culture, and part of it is its paid parental leave terms. Employees can enjoy up to four months of this benefit, as long as they have been with the company for at least a year. Parental leave applies whether they are working part-time or full-time, at a retail store or the headquarters.
Genentech takes things to the next level with its unique on-site amenities. As a Genentech employee, you can finish errands without having to run from one establishment to the next. You can get a haircut and a car wash at work. You can visit the dentist, relax in a mobile spa, and even take your kids to the child care center.
Related: The Best Ways to Reward Employees
Employees nowadays are looking for a work-life balance. The employeers who determine they want to be a part of the movement to help their employees in their quest for a healthy, fullfilling life, are garnering attention of future employees and the loyality of current ones.
Flexible schedule and remote work.
Swiss Re, a flobal reinsurer empowers its people to own the way they work. It created a program, actually called “Own the Way You Work,” which employees can take advantage of with ease. It allows them to work from home on a regular basis “when it makes good sense.”