Employee perks & benefits you can implement in your business today

Covid has changed work as we know it. More than ever, businesses are rethinking the way they do business; and that includes how they attract and retain their most valuable assets, their people.

So what are the top employee benefits to offer your staff in 2022? Check out some of the most popular perks and benefits below. Interestingly, it’s not all about the  money!

Working from home (worklife balance)

One constructive realisation to come out of Covid is the ability to work from home/work remotely which can provide opportunities for better work/life balance.

Prior to Covid and the resulting lockdowns, it was accepted in many cases that staff should go to an office or central location to do their job. As many businesses were forced to improvise and adapt, working from home has been proven as a viable option, and as recruiters we are seeing this as an expectation of many candidates who are applying for traditional office based roles.

The ability to work from home, along with other worklife balance incentives, imply that you care about your employees well-being and that you trust them.

This goes a long way in increasing and maintaining staff morale which often directly converts to high productivity.

Worklife balance incentives could include a combination of:

  • Flexible working hours
  • Four-day work week 
  • Option/ability to work from home
  • Allowing staff to bring a pet and/or children to work

Staff discounts

Why not offer an employee discount on your product or service?

Depending on your business, there may not be a big out of pocket cost, but could represent huge value to your employee. Plus it has the added advantage of your employees experiencing your offer first hand and learning more about your products or services. A clear winner for everyone.

Trade discounts and wholesale prices handed down to employees where appropriate are often a much appreciated perk.

Employee health & wellbeing

A robust approach to workplace health and safety shows your employees that you take their health and wellbeing seriously. Every business needs it, so why not take it one step further and support your staff in other ways. Some suggestions include:

  • Employee Assistance Program (EAP)
  • Gym membership
  • Private pension scheme
  • Paid or unpaid time off to get Covid-19 vaccination/booster

Career progression

Professional development, training and career progression are at the top of the list for many employees. With more and more online training and certification options than ever, this can be an affordable way for small businesses to enable their employees to develop their skills and career.

If you can articulate and support a clear career progression pathway to your team, it’s a great way to attract and retain employees who have aspirations beyond the scope of their current role (or the one they have applied for with your company).

Sector networking opportunities

Regardless of the business you are in, it is likely that there is an industry sector association or group that represents your type of business. For example, Hospitality NZ is the industry body for Bars, Restaurants, Hotels and Accommodation Providers. If you are a member of an industry sector association or membership group, it is likely they will host regular training and industry events.

Giving staff an opportunity to attend an annual sector conference is a great way to reward staff; enabling them to network with others within your sector, attend workshops and training, learn about emerging issues and bring fresh ideas back into their day to day role.

Additional leave

This could be additional days off to reward for long service, or perhaps an extra day of leave (not deducted from the employees leave balance) during a typically quiet time for the business. An extra day off tacked on to a long weekend or over the Christmas period might be an easy perk for your business to consider and can be a very attractive perk for your employee.

And on the topic of leave, if your organisation typically closes over the xmas break, or mid term breaks, this can be a great carrot for prospective job seekers too!

Other financial benefits

In addition to offering a base salary that is in-line with market expectations, including other benefits with a monetary value may help you to stand out in a climate where candidates are spoilt for choice.

Types of benefits that fall into this category include:

  • Use of a company vehicle
  • Tools / stationery / uniform allowance
  • Meal allowance
  • Travel / petrol allowance
  • Relocation costs
  • Substitute accommodation costs
  • Financial support for required certification / licences (such as first aid certificate, forklift licence) needed to carry out their role
  • Compensation for internet/power/phone costs for staff working from home

It’s not all about the money…

Sure, the hourly rate or salary on offer will always be an important consideration. However, time and time again, we are seeing there are other benefits that appeal to jobseekers and can be the difference between a great candidate accepting the role you offer, or slipping between your fingers.

Before you advertise your next vacancy, it’s worth spending some time to identify what makes your organisation a great place to work. Chances are you are already offering some of the perks listed in this article – or could easily add to increase the appeal of a role you’re looking to fill.

Depending on your business and your employees role within it, the possibilities are endless.