While many small businesses lament that their perks can’t possibly live up to the unlimited vacation and concierge services tech companies are famous for, they shouldn’t despair: There are lots of ways to help make your employees’ lives easier and earn their loyalty.
Here are four low- to no-cost perks that can show your employees you truly appreciate them all year long — and as a bonus, can help make it easier to attract and retain top-tier employees in today’s competitive environment.
1. Help them give back
Today’s worker is motivated by altruism and corporate social responsibility, and that’s why offering them options to volunteer can be a win-win-win. It fulfills their desire to give back, improves their allegiance to your company and benefits the community.
If you want to make employees cheer, offer them flexible working hours. In one survey, parents valued flexibility and work-life balance, 84% and 80% respectively, over the more common benefits of health insurance (42 percent) and retirement plans (29 percent).
Again, this perk can benefit you, too: More than three-quarters of respondents to the Society for Human Resource Management’s 2015 benefits survey rated their wellness initiatives as “somewhat effective" or “very effective” in reducing health care costs.
An additional education-related perk to consider is tuition assistance, offered by more than half of the companies surveyed for the 2016 Employee Benefits Survey from the Society for Human Resource Management. This one may even earn you a tax break.
About the Author
Cathie Ericson is a freelance writer covering business and consumer topics. She creates branded content for Fortune 500 companies, and her work has appeared in LearnVest, Costco Magazine, Forbes, TheGlassHammer.com and IDEA Fitness. Follow her @cathieericson.
All content provided herein is for educational purposes only. It is provided “as is” and neither the author nor Office Depot, Inc. warrant the accuracy of the information provided, nor do they assume any responsibility for errors, omissions or contrary interpretation of the subject matter herein.
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