What are the best benefits for employees in 2023? This is a common question we receive from employers, and understandably so. Your staff is an essential life source for your business and you want to ensure they are taken care of. Having good benefits in place is key to improving your staff’s quality of life.
Before we jump into the nitty gritty, it’s vital to understand why benefits are so important. Having accessible benefits or perks that make the lives of your staff easier and more fulfilling create a sense of safety and happiness. Life can get pretty tough and knowing you have quality insurance or PTO can keep your staff feeling cared for, prevent burnout, and take weight off their shoulders. When people are happy and healthy, their performance increases and so does their loyalty to your company.
That being said, here are the best benefits to have in place for your employees. We’ve also added some perks to this list if you’re wanting to go the extra mile!
Most employees who need benefits require affordable health insurance. This is a non-negotiable for those looking for vision, dental, disability, and life insurance. Putting an affordable and quality plan in place for your business can alleviate stress for individuals and their families.
EAPs are a great resource for your staff when it comes to stress and managing the curveballs that life likes to throw our way. Mental health has had a much larger, and well-deserved, spotlight in recent years. With many uncertain happenings in today’s world, a good constant is to provide an EAP for your employees. EAPs differ across the board, but most include easily accessible resources to help with stress reduction, legal advice, managing emotions through counseling, and more.
Paid time off is another benefit that most employees are seeking. Setting time aside for your staff to take off work “has immense benefits for both our physical and mental wellbeing,“ according to Mental Health First Aid. Encourage your staff to be comfortable using their paid time off. This can be a great reset for many and prevent burnout.
If you’re looking to spice up your company’s benefits with additional perks, here are some that have proven to be staff favorites.
- Tuition reimbursement
- Personal Development assistance
- Weekly provided lunches/breakfast/coffee
- Gym memberships
- Mental health assistance
- Financial advice and planning
- Flexible working hours
All in all, it’s important to remember that before anything else, your employees are people. Ensuring a sense of safety, good health, and happiness is crucial for leading a positive and productive life. Provide valuable benefits for your staff- you’ll be happy you did!