Unusual Benefits to Offer Your Employees
Offering benefits above a standard wage or salary to your employees can bring a huge benefit to your employees’ productivity, engagement levels, absenteeism and loyalty. Benefits can be used as a cheaper alternative to retain employees over raising salary. However, as a small or medium-sized business, you are unlikely to have the budget to offer your employee benefits that larger companies are able to give. So what initiatives can you take to help ensure your employees feel valued whilst still keeping costs to a minimum? Basic Concepts Involved with Employee Benefits There are two major types of employee benefits; core and flexible. Core benefits are enjoyed by all employees so will include things such as pensions, basics insurance and annual leave. Flexible benefits offer the choice to ea... »