ALC - edenred

Companies go to great lengths to attract the best talent for their teams. But it can all go downhill at an alarming rate once a new employee shows up for work.
Check out these statistics:

How many “work perks” do you offer your employees?
Work perks are often considered the fringe benefits that can go beyond employee health insurance and other traditional benefits. They are rapidly becoming popular with employees because they have a meaningful impact on their lives.
In 2018 survey of 600 small and midsize businesses, 68 percent said the work perks a company offers is just as important as traditional benefits.
Millennials and Generation Z workers are likely to favor work perks as well, and many employers have had to rethink employee benefits to attract and keep the best talent in the workforce.
The survey was conducted by HR software company Zenefits. In it, more than 70 percent of the people said they “strongly agree” or “somewhat agreed” that fringe benefits would be an important factor for them when they looked for future employment.
The fringe benefits, like commuter benefits, can be very beneficial to an employer. They may not cost as much as traditional benefits like health insurance. Companies that are savvy can use them to attract top talent without having to spend a significant amount of resources to administer them. If offered, they can make a smaller company’s benefits package competitive when compared to a larger company.
So what work perks do employees want? Here are 3 work perks gaining momentum with employees.

You have the best and worst of it if you are an NYC commuter. By one measure, you have the worst one-way commute time in the United States: about 34 minutes.
However, you’ve had a commuter benefits law on the books since January 2016. That law mandates for-profit and nonprofit employers with 20 or more full-time employees to provide the option of using pre-tax income to purchase commuter benefits.

In California, the San Francisco Bay Area is serious about its commuter benefits. There’s one regional law, three municipal laws and the San Francisco airport has its own regulations.

California commuter benefits laws stem from a desire to help protect the environment and reduce congestion on the roadways. Here is an overview of how these California commuter benefits programs work.

Wouldn’t it be nice to get a discount on your commute every day?

You can with commuter benefits. There’s a discount of up to 40 percent waiting for you if your company enrolls in a commuter benefits program.

It’s hard to believe a discount like that is available, so let’s look at some of the fine print so you can understand how both you and your employer can save money with commuter benefits.

Businesses invest a lot of time and energy in recruiting a diverse workforce. While the old benefits plan may have been widely popular, it might not fit your current workforce made up of many different backgrounds.
So while a diverse staff is taking care of the overall health of the business, it might be time to make sure you are giving them what they need.

It’s no secret an excellent salary, health insurance and other meaningful benefits that impact your employees’ lives can make you competitive in attracting and retaining the best workforce.
Here are 4 ways you can rethink your benefits offerings when thinking about your diverse workplace.

Are you a business owner concerned about taxes and hiring? If so, you are not alone. The July 2018 NFIB quarterly survey of business owners revealed taxes and labor quality are the two biggest issues US firms are facing.

Do you offer your employees paid time off to volunteer? Smaller “nooks” in the office so your team can gather quickly to collaborate? Remote working opportunities, even if you live right down the street from work?

Want to provide better benefits to your employees and candidates — and not break the bank?
Stay away from booking those “trust falls on retreats.” Instead, give them something they will benefit from every day.