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That’s the case for any employee benefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance. Naturally, most businesses can’t afford the king suite of benefits—unlimited PTO, free insurance, etc. Ten years ago, that wasn’t a problem.
Employers can set themselves apart by offering more PTO and more opportunities for PTO. Maybe in addition to a couple weeks of paidvacation, your company offers no-questions-asked sick leave for employees who feel under the weather. Time off is the closest thing we have to free money.
Employees can save a portion of their pay into a retirement savings account, which increases over time. Paid Time Off: Paidvacation time is available to 81.5% of private industry employees and 92% of employees at companies with 500 or more employees.
Employees who feel their needs are being met through their benefits are more likely to stay engaged and committed to their organization. Enhancing employeewell-being Employee benefits contribute to the overall well-being of employees.
For example, after 5 years, an employee could receive a personalized Google-branded smartphone case with their name and "5 Years of Innovation" engraved on it. Paid time off (PTO) enhancement Enhance the standard employee benefits by offering additional paid time off (PTO) as a years of service award.
The company also rewards its engaged employees with paid volunteer time (All U.S. employees who report at least 10 hours of volunteer work per quarter receive a $50 Good Card ), employee discounts, and paidvacations. Two great examples of rewards and recognition programs from FMCG companies 1.
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