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“Benefits that can greatly reduce financial burdens and improve financial wellbeing, such as cashback schemes and greater access to financial resources to help budget, can be helpful to stretch take-home pay as much as possible,” she says.
While a holistic approach to employee financial wellbeing – one that considers personal financial circumstances, such as paying for food, utilities and bills – has been advocated by many experts , employers, on the whole, have been slow to take a strategic approach to financial wellbeing. Five financial wellbeing interventions to try.
“Benefits that can greatly reduce financial burdens and improve financial wellbeing, such as cashback schemes and greater access to financial resources to help budget can be helpful to stretch take-home pay as much as possible,” she says.
Providing a comprehensive benefitspackage is essential for keeping employees happy, healthy, and motivated. From healthcare and retirement plans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensive benefitspackage that meets their unique needs and preferences.
Companies should have employee benefitspackages to inspire talents and communicate these during onboarding. So, the HR department should not be shy to organize office parties, seminars, happy hours, mini sports competitions, and occasional food dates. Insurance and paid leave are great motivators.
In a competitive job market, companies that offer comprehensive benefitspackages, including meal allowances, are more likely to stand out and attract skilled professionals. 🍲 A survey by Forbes revealed that 60% of employees associate company-provided food with a heightened sense of being valued and appreciated.
Tangible rewards, such as bonuses or pay raises, can complement non-monetary incentives like public recognition, additional vacation days, or opportunities to attend conferences and seminars. Offer workshops, seminars, and courses that enrich their professional knowledge.
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. Get in touch with our employee rewards specialist.
One important thing to keep in mind is that an organization should never skip on the benefit that focuses on work-life balance. It is one of the most important benefits that an employee wants in their benefitspackage. Conduct seminars and short courses to enhance your employee's skill.
When current and future employees examine a company’s benefitspackage, they typically expect to see employer-sponsored health insurance among the offerings. Many companies choosing this increase echo the sentiment of Markus Albert, managing director of EatFirst , a global corporate food services and event staffing platform. “We
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