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Retain employees with enhanced benefits

There’s not a day that goes by where you can’t log into Twitter or LinkedIn and see a new article about the hot trend in employee benefits or commuting.

What matters most is what trends stick around. Earlier this year, the Society for Human Resource Management published its 2018 Employee Benefits survey with HR professionals. It benchmarks the prevalence of 300-plus benefits over a five-year period. 

About 285,000 human resources professionals were asked what benefits they had offered, and what they planned to offer over the next year. The results were compared to previous surveys to see benefits are increasing, and which are on the decline. 

Here is a look at the survey’s results:

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3 ‘Work Perks’ Employees Say They Want Now

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.

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How to Make Your Commute Good for You

Don’t discount that 30-minute commute each day. Yes, it’s a good time to check Twitter and Instagram. Perhaps you spend time calculating how you are going to spend the money you save thanks to your commuter benefits. If you can find a way to catch some sleep, that’s not always the worst idea either.
However, researchers have found the commute can be a productive time for us, both mentally and emotionally. That’s good news since we are spending longer on our daily journeys to work.

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