Employee benefit programs can make it easier for companies to attract the type of talent needed to grow their organizations. Adding benefits such as a 401(k) plan or stock options could especially help new companies that can’t necessarily offer large salaries. What other types of benefits could employers offer to their workers?
Signing Bonuses Can Be Attractive
A signing bonus is a guaranteed upfront payment that an individual receives simply for accepting a position. Companies can protect themselves by making the payment several months after hiring an individual or by attaching other requirements to it. For instance, a company could stipulate that a worker has to give some or all of the bonus back if he or she works there for less than a year.
Help Pay Off a Worker’s Student Loans
It has become trendy for companies to offer student loan payment assistance as part of their Employee Benefit Programs In Oceanside. This is because many younger workers may struggle to pay down their debt, and those struggles could impact their performance on the job. Employers can choose to offer this type of assistance as a lump sum payment or in increments throughout the year.
Provide Gyms and Spas at Work
Ideally, employees will get benefits that they can actually use on a regular basis. While offering a gym membership can be a great incentive, there is no guarantee that a worker will want to drive to the gym after work. However, if the gym is in the same building where a person works during the day, the odds are greater that he or she will spend time there. Spending time running, lifting weights or in the sauna can improve a person’s physical and mental health at the same time.
Working with Serra Benefits & Insurance Services can be a great way to deliver quality benefits to your workers. Visit SerraBenefits.com to learn more.
