Online Banking Login

Employee Perks that Work for Small Businesses

Blog 1

It has become more and more challenging to attract and keep the right talent. And while company benefits are a significant way to stay competitive, you need more to keep your most valuable employees happy and recruit new hires. That’s where employee perks come into play.

Employee perks are non-wage services or amenities, which are different from standard employee benefits, such as insurance and retirement options. Instead, these perks build morale and can attract top talent to your company.

Here are some common examples of employee perks:

  • Flexible work hours – Give employees a better work-life balance.
  • Professional development – Provide the training needed for your employees to improve their job and career and reimburse outside training, certifications, or education.
  • Free snacks and drinks – Provide healthy snacks and beverages to help employees stay focused and energized throughout the day.
  • Casual dress code – While it may not work for every business, keeping things casual will help you hire and retain employees across different generations.
  • Wellness stipend – Employees can use these funds for any health-focused activity, such as gym memberships, healthy cooking classes, buying a home treadmill and more.
  • Meditation room – Set a room aside equipped with yoga mats, natural décor and quiet music to help employees destress and relax.
  • Volunteer opportunities – Serve the community as a team or encourage employees to volunteer their time without using vacation or sick days.
  • Employee discount program – Offer employees discounts on daily expenses, such as transit passes, parking, uniforms, groceries, restaurants and more.

Get creative and look for opportunities to offer a perk maybe another larger organization (or even a competitor) wouldn’t think of offering. You may need to test things here and there to make sure they’re a fit for your team. But in the end, you’ll be glad you took the risk.

Jan. 12 2021 | Posted in General News