Description

A great benefits package isn’t just about throwing some trendy perks at employees, and hoping for the best.

They can significantly help attract, retain and amplify talent to drive business success.

But, ONLY when they're strategically designed to meet your specific workforce's needs, and align with your business goals.

Join 7people People & Culture professionals Paul and Flo as they discuss:

• Benefits 101: Benefits vs perks vs ways of working. What’s the difference, and how should each be handled?
• Common benefits pitfalls: Why lack of benefits flexibility, inclusivity and personalization to your org = time and money killers. And how to solve them!
• Maximizing impact: We explore trending benefits topics like wellbeing and parental leave, using benefits as behavioural incentives, and building leadership buy-in.
• Making it practical: Where to start with picking the right benefits? Plus, we share our favourite low-cost, high-impact benefits strategy!

Packed with fresh insights, actionable takeaways and engaging real-life scenarios to mull over, this episode offers a great crash course on the world of benefits, and how to make them work for your org.

CHAPTERS

Benefits 101


00:00 Intro

00:34 Why do benefits matter?


02:48 Changing needs over time


04:07 Benefits vs compensation


05:40 Benefits vs perks


09:36 Benefits vs ways of working

Avoiding common pitfalls


10:25 Tailor to your org


12:37 Always ask why (not just go with the loudest voice)


13:26 Not REALLY a benefit…


14:10 Flexibility is key (pensions, holiday allowance)


16:09 Keeping commuting allowance fair

Deep dives


18:18 Trending: wellbeing


19:34 Missed opportunities


21:26 Convincing leadership


22:20 Trending: parental leave


24:06 Where to start impact analysis?


24:50 Tax considerations

Dilemma case study breakdown


25:15 Higher salary or better benefits?


26:48 Benefits as a behavioural tool

Practical toolkit


28:34 Our best budget benefits hack


30:40 Linking benefits to values

Key takeaways


31:38 Audit, analyse, be flexible, adapt


32:47 Focus on foundations + impact, not just fun