Monday, June 28, 2010

Top Ten Simple and Effective and Effective Employee Benefits you can Start Now


Here are some of the most popular benefits that you can use as morale-boosters and rewards for top-performing employees:

1. Health care insurance that includes dental and vision coverage. Employees are looking at health care insurance as part of their salary more now than ever. Even if a salary starts low, a good health care package is an attractive employee benefit to current and future employees.

2. Regular employee evaluations and pay increases should be part of employee benefits. 6-month evaluations are becoming the norm in order to make sure you have the right people for the jobs at your place of business. On the other side, employees are given the incentive of performing well if regular pay increases are in their grasp.

3. Bonuses based on employee performance. Employers who offer scheduled bonuses are more apt to keep their skilled personnel longer and those employees have incentive to perform at their peak abilities. Bonuses can be determined on performance such as in sales commissions or store profits.

4. Social Events is an attractive employee benefit.
Take a trip as a group for a day or coordinate a company picnic. Some employers rent an amusement park for an afternoon so that children can attend the event as well. On a lower scale, a simple park with a softball game can be just as delightful. The best thing about this employee benefit is that it can bring your people together away from the business and can also serve as a catalyst for sorting differences.

5. Flex Days. Flex days or ‘flex-time’, generally working four-day, 10-hour work weeks is a very appealing employee benefit---especially those who pay for child care. Flex time also shown to improve productivity with those who like to work at night versus those who are day-time people. It has also been shown that companies that offer flex-time show a decrease in the number of days when employees call in sick.

6. As part of an employee benefits package, consider telecommunication. Due to the economy, many businesses and government organizations are reducing their overhead by allowing days for employees to work from home. With the world’s technology, some businesses have offered telecommunication as a standard, especially if the business operates on a global level or is internet-based. Allowing days for telecommuting is a great employee benefit to those who have children or for employees who are recuperating from an injury.

7. Paid “Early Out.”
Another employee benefit that is simple to implement, paid “early outs” (leaving early from work without being docked for the time) is very appealing to employees. These times can be set up on a rotational basis on a regular basis or on a reward system.

8. Raffles. A simple on-going reward system can be created where employees put their names into a drawing for a prize. Some businesses arrange to purchase group season tickets to a sports event and, at the end of a specific time, names are drawn.

9. Contests.
Teams of employees or stores/outlets can be challenged to make the highest sales, have the fewest complaints over a specific period of time. Many people respond to challenges well and having the opportunity to participate in a contest can often bring employees working closer and more efficiently together in a team spirit.

10. Employee benefits can include having the policy of promoting from within the business.
Have regular meetings to reevaluate business goals and strategies and have a policy that your company promotes from within. This policy is of great benefit to employees (job security) as well as to the employer (less employee turnover).

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