Today's workers and professionals are especially interested in having an employee benefits program that allows them to balance their work and personal lives.
Big brands or SMEs around the world are implementing social benefit programs as a way to drive the growth of the company. Promoting an employee benefits program is the best tool to attract, retain and even direct employee action based on corporate objectives.
Employee Benefits - The key to Happiness for your Employees
1. Constant motivation
Research from around the world has shown that worker job satisfaction is one of the advantages of the employee benefits program. This translates into optimal performance and increased productivity.
Other practices such as absenteeism and employee turnover are also reduced. Employee motivation also affects the health of workers, through flexible hours, work from home, days off for birthdays. It is a way of personal compensation that commits the worker to give the best of himself.
2. Tax Advantages
Consolidating an employee benefits program brings liquidity or tax advantages to companies. The legislation of most countries provides tax incentives to companies that promote these practices with their staff to improve the competitive position among them and, in turn, raise levels of work efficiency.
What is it about? The State provides economic benefits to companies that formally link an employee benefits program as part of its policies.
Although these benefits vary from country to country, they can range from the priority of credits from state agencies to enjoying tariff benefits on the import of machinery and equipment.
3. Employee loyalty
Achieving employee loyalty and being able to retain talent is one of the objectives of the employee benefits program. The worker is favored in aspects such as a good work environment and is satisfied with the assessment they receive, which creates a positive impact on their levels of commitment to the company.
4. Productivity
Employee productivity must be viewed with corporate responsibility and is necessary for any company to increase its efficiency and business opportunities. If you increase the productivity of your employees, your company's profitability will increase.
The employee benefits program must take into account aspects such as:
- Continuous training
- Constant process innovation
- Open communication
- Good planning
Employers must foster unitary sentiment in workers and motivate them to do their best. Our labor productivity will be diminished if there is a negative work environment or there are no adequate conditions to carry out work.
5. Attracting new talents
Having an employee benefits program is one of the resources that companies are currently using to reinforce the brand and attract new workers, mainly due to the expectations that these corporate policies generate in the personal and work life of the potential employee.
Another of the great challenges of a company is to ensure that a worker, in line with our values and business culture, becomes a multiplying agent of talent by referring to us as a workable alternative.
6. Employee benefits program: positive impact
Companies must tailor the employee benefits program to achieve corporate well-being. Each worker looks for something different, according to their lifestyle and profession. For this reason, businesses and SMEs must take into account the increasing diversity of their collaborators and adopt these policies to reach different profiles.
Compensation programs must take into account frankly growing segments: families with young children, single and young workers, divorced or married a second time. No worker should be left out of the organization for these benefits.
The employee benefits program that we implement in the company must be aligned with the silver objectives as an organization. Small businesses should not belittle these large-scale policies, which are ultimately aimed at a win-win relationship.
Leave Comment