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An improved paid time off policy can improve work-life balance and employee well-being for a better employee value proposition. Offering paid parentalleave is another excellent way to improve your EVP through enhanced benefits. They enhance their EVP through employeestockoptions and equity.
Reimburse employees’ tuition costs for obtaining higher education or continuing career education while they’re employed at your company. Give employeesstockoptions. Examples: Parentalleave (including adoption or foster leave). Offer student loan repayment.
Companies can implement various recognition programs, such as 'Employee of the Month', 'Spot Awards', etc. How to offer: Employee recognition platforms like Vantage Rewards and Empuls can help manage and streamline your recognition programs. How to offer There are several providers of EAP services in India.
Paid time off (PTO) , travel reimbursement, tuition reimbursement, menstrual leave, and childcare assistance are some common types of fringe benefits. A report by T he Conference Board indicated that 86 percent of organizations maintain policies such as parentalleave and well-being support.
Sabbaticals Besides mandatory parentalleaves in several countries, sabbaticals are rather rarely offered as perks. Prolonged sabbaticals help employees rejuvenate and enhance their personal growth, particularly when burnout sets in. Financial worries are part and parcel of an employee’s life.
Parentalleave Offering generous parentalleave policies can help support millennial employees who are starting families. This benefit can help demonstrate that you value work-life balance and support employees throughout different life stages.
Beyond competitive salaries, Google provides additional perks , including hybrid car subsidies, free dental and health checkups, on-site physicians, and unique benefits like death benefits to deceased parents. The introduction of the pioneering employeestockoption plan in 2006 further enhances employee appreciation.
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