Join Michelle and Maria as they continue discussing some of the biggest challenges facing HR departments--and employers in general. Their goal is to discuss and help businesses raise the bar on the things that matter. As with the previous episode in their Impact series--Employee Experience--our hosts address the issues head-on and are careful to offer suggestions and solutions.
Join Michelle and Maria today as they discuss benefits that matter. They emphasize building a benefits package that goes beyond the essentials of healthcare or time off. Listen in as they summarize some of the stand-out benefits they’ve seen offered, what their non-negotiables are, and make suggestions for how to step up your comprehensive benefits package so that your company can stand out and attract the top talent.
The Finer Details of This Episode:
Quotes:
“I prefer the term ‘paid time off’ because it’s none of their business what you do with your time off.”
“Part of it is going to result from… collecting really great employee feedback from employees within your organization on: What do they want? What do they expect?”
“You could have some that are performance based and some that are just in that ‘extras’ column.”
“Do you offer anything related to… public transit? Do you offer opportunities to give back within the community? …There are a significant number of organizations who will offer your employees discounted prices… Do you have additional investment opportunities?”
“Do a survey to identify the perception of benefits as well as what employees are looking for, so that you could actually implement some things that are most critical to employees.”
“I think it’s ever evolving; will those still be what’s important to the organization next year? Every year there’s a change in dynamic of what’s going to be the most critical. It also evolves with your population.”
“There are two groups that you really need to look at when it comes to those extra things. First are your employees. But you can start to build an awareness of what ‘good’ might look like by also looking at other companies and organizations.”
“I’m going to give you a handful of examples of things that I’m willing to bet you hadn’t thought about. Get ready. Shared leave… fertility and adoption… CPR or crisis training… paying for higher education… Volunteer paid time off… Dress code policy…. Lunch and learns…”
“I’ve seen things in organizations that are built around helping you understand how to get out of debt, helping you understand how to invest… [these] help make their lives successful. And when someone’s happier in their lives, and it’s a result of their job, they’re going to be happier in their jobs.”
“Do you have wellness programs? Do you have referral programs? Do you offer relationships with other vendors like car washes or childcare or salons in the area? …We worked with an organization once who offered very discounted health trackers and in addition to a discounted rate on the health tracker, if you got 10,000 steps every day for the month, they put $25 in your health care spending account.”
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