What are some of the best benefits to offer full-time employees?
To help recruiters, founders, and business owners make their full-time employees happy with their work environment, we asked hiring managers and CEOs this question for their best tip and benefits offered to employees. From career development opportunities to creating goodwill through small humanizing benefits, there are several benefits that may help your employees love the workplace you offer.
Here are 7 full-time employee benefits to offer:
Career Development Opportunities
Benefits that Our Employees Can Choose Themselves
Motivosity for Recognition and Rewards
Paid Holidays
Unlimited Paid Time Off
Flexible Healthcare Spending
Small Humanizing Benefits
Career Development Opportunities
Offering opportunities for upskilling or providing access to online courses, for example, are great ways to get involved with the growth of team members. Small businesses can create an annual learning stipend for their employees that covers everything from online certification courses to mentoring programs. Additionally, you could also set up reimbursement programs for employees to pursue education in their fields of interest.
Harry Morton, Lower Street
Benefits that Employees Can Choose Themselves
The pandemic has changed the general view of work benefits. Gym memberships became irrelevant with closed facilities, and medical insurance companies saw a big boom of interest. Thus, it's vital for us to check what our employees want most of all and be ready to provide relevant bonuses. What we did was to give our employees a certain number of vouchers to spend on whatever they want from a dedicated list of partner services and products. From the feedback we received, we can confirm that this benefit is truly well-appreciated by our people.
Tytus Golas, Tidio
Motivosity for Recognition and Rewards
Our company offers Motivosity to all of our employees regardless of full-time status. Motivosity is a peer-to-peer recognition tool that lets every team member recognize and celebrate their coworkers. Those appreciations come with a small monetary bonus, which can then be used to purchase gift cards, company swag, or donated to charity. The dollars are also available on the #ThanksMatters Card, which can be used anywhere Visas are accepted. Not only does Motivosity create a culture of gratitude, it gives employees the flexibility to be rewarded how they want to be.
Logan Mallory, Motivosity
Paid Holidays
Different businesses pick different paid vacations. Labor Day and Memorial Day are generally acknowledged days off, but beyond that, working days are at the employer's decision. Government employees and teachers often get a lot of paid vacation days. In contrast, private sector enterprises may have to work around them. You must assess your options and make this decision based on what is best for you and your employees, just like you would with any other employee benefit.
Axel Hernborg, Tripplo.com
Unlimited Paid Time Off
A benefit we offer to our full-time employees is unlimited paid time off. This is our way of letting our employees know that we see them as more than just our workers, but as people who may have other things going on in their lives outside of work. We’ve been able to build trust with our employees as we know that they will be able to manage their own time off and still get their work done on time. Retention has also increased because of the trust and value we’ve shown to our employees.
Joe Spector, Dutch
Flexible Healthcare Spending Account
One of the benefits we offer our full-time employees is a flexible healthcare spending account. This account allows employees to set aside pre-tax money to pay for qualified medical expenses, like copays, deductibles, and prescriptions. We offer this benefit because we want our employees to have as much flexibility as possible when it comes to their healthcare costs.
Claire Westbrook, LSAT Prep Hero
Small Humanizing Benefits
Besides the regular benefits that employees should receive such as medical, 401K and PTO, our company is committed to adding small fringe benefits that show a commitment to valuing our people as humans.
Drinks and healthy snacks are complimentary and always available. Employees are encouraged to get a comfortable ergonomic chair, lamp or picture. These items show our genuine interest in our employees' happiness during the day. These items definitely add to the office expenses but more than pay for themselves with high retention, productivity and eagerness to help.
Jean Prejean, Guardian Computer, LLC
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