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Financialcounseling , especially from professionals, can help people understand and manage the first two. What employers offer for insurance and benefitspackages is crucial for long-term financial wellness as retirement accounts and employer contributions come into play. Ask what they’re struggling with.
Most employee benefits and perks do not come cheap and costs can snowball as your company expands. The first step in creating a competitive benefitspackage which will be valued now and in the future is by understanding the kind of job perks employees value.
To prevent productivity loss, turnover and employee dissatisfaction, employers across industries are doubling down on wellness programs and integrating support services that promote financial health as well. Those that choose to meet with a counselor can move forward with a road map toward financial stability.
Financial wellness benefits could include programs like retirement plans , life insurance , disability insurance , student loan repayment assistance and financialcounseling. Does your employee benefitspackage support mental health?
Employee assistance programs (EAPs) provide confidential counseling services to help employees navigate personal and work-related challenges. These programs often cover a range of issues, from stress management to financialcounseling.
Beyond the paycheck: how employee benefit makes them happier A competitive salary is essential to attract and retain top talent. Comprehensive employee benefitpackages are increasingly becoming a deciding factor in job satisfaction and happiness. This fosters a healthier work-life balance and reduces stress.
For example, EAPs may help employees access childcare, legal services, and financialcounseling. EAPs can also help employees access counseling and assistance with mental health and substance use disorders. You can help your employees recover by offering robust substance abuse insurance as part of your health insurance benefits.
Since long-distance commute impacts overall productivity and presenteeism rates, employers can address it by offering housing support as a part of their benefitspackages. Cashbacks or cash cards – Near-cash benefits like cashback, meal coupons, travel cards and fuel vouchers are perfect for employers to stand out in the market.
Customizable Packages Design benefitspackages that are modular and customizable. Allow employees to choose from a menu of benefits based on their individual preferences and priorities. Financial Support Include benefits that address employees’ financial well-being.
Flexible benefitspackages Employee benefits are a valuable form of recognition. Instead of offering a standard benefitspackage, consider providing flexible benefits options that allow employees to choose the perks that matter most to them.
As we enter 2025, companies are facing a workforce that demands personalization, adaptability, and inclusivity in their benefits offerings. According to a recent survey , 31% of respondents said they wanted more flexibility and options when it came to their benefitspackage.
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