In today's fiercely competitive job market, the battle for talent is real, and employers are increasingly turning to enticing perks and benefits to win the hearts of their workforce. A staggering 74% of Millennial and Gen Z employees say they’ll quit within a year because of a lack of development opportunities. Employee-focused initiatives play a pivotal role in determining job satisfaction and, consequently, retention rates. We’ve curated some perks and benefits to attract, engage and retain top talent.
Wellbeing: A holistic approach
Prioritizing employee wellbeing is crucial for a thriving workplace. Consider offering lifestyle spending accounts, fertility benefits or home care assistance to create a supportive and balanced work environment. It's like saying, "We got your back!" — in both word and action.
- Think about fertility benefits, like egg freezing, to help employees who might need it.
- Expand wellbeing education and perks with weekly massages, yoga classes and flexible spending for mental and physical wellness.
- Set up wellness programs with options for physical and mental wellbeing.
- Financial wellbeing is increasingly important in today’s workplace. Provide access to financial planners or financial education for advice on investments, retirement, debt management and budgeting.
A better standard of living
Lifestyle spending accounts are a great way to help employees master work/life balance the way they each want to. Wondering how? Here are a few ideas to get your creative juices flowing:
- Allow employees to use lifestyle spending accounts for home services like meal or grocery delivery services, laundry services or cleaning services. This simple benefit can help reduce mental load and increase productivity.
- Offer a vacation stipend to encourage taking time off and help alleviate the stress of saving for those big trips so many of your employees have always wanted to take.
- Consider homebuying assistance as a workplace benefit. Homebuying assistance can alleviate the stress of managing leases, finding new affordable living options and moving.
- Throw in childcare or eldercare options, including classes for working parents, help to support the caregivers in your organization.
Remote work enhancements: Beyond flexibility
Remote work has become the new normal, and companies can stand out by enhancing their remote experiences. Consider home office spending accounts, co-working space stipends and home office upgrades.
- Offer home office spending accounts for remote employees to create functional, healthy and professional working environments at home.
- Provide co-working space stipends to help employees find and afford private workspaces — this can be especially important for people without dedicated office spaces at home.
- Support home office upgrades with a monthly or annual allowance to boost productivity.
Customized + flexible learning
Finding the time to learn and develop – both professionally and personally – can be extremely difficult in today’s fast-paced world. But here's the cool part – employers are figuring out how to make learning more engaging and more accessible for their teams.
Flexible and customized learning isn't just a win for employees; it's a smart move for employers too. Impactful learning programs keep employees engaged, help them learn new skills and make the company more attractive to top talent.
Electives Membership is an ideal way to provide flexible and customized learning for your employees:
- Electives Membership provides a diverse range of live, virtual learning opportunities — from new manager training to leadership skills and from wellbeing to communication.
- Electives Membership allows employees to take ownership of their individual development, selecting classes aligned with their personal and professional growth.
Electives Membership provides individualized learning, without the heavy administrative burden on HR + people leaders. Go here to learn more.
Thoughtful gifts: Books, self care and more
When looking to delight your employees, consider unique gifts like free books, travel perks and swag. These offerings show appreciation and contribute to a positive work culture.
- Launch a free book program, allowing employees to order books and join book clubs.
- Send curated gift boxes for major employee life events. For remote employees, gift boxes can include custom snack boxes to rival the options you provide in-office.
- Allow employees to select their gifts or branded swag. This level of personalization means your gifts will have a bigger impact.
Empower your team, elevate your organization
Unique gifts, benefits and perks can pave the way for a vibrant, engaged and committed workforce. By blending modern learning solutions, holistic wellbeing perks and thoughtful gifts, HR and People leaders can craft workplaces that attract and retain top talent.
Electives Membership is a new way to learn together.
Electives Membership empowers employees to take charge of their development and equips them with the tools they need to contribute meaningfully to the organization's growth.
With Electives Membership, your employees pick the classes they want to take.
Electives Membership is a live learning platform for employees seeking flexibility and choice in their personal development.
- Continuous learning: Electives Membership keeps your team learning and ready for new challenges.
- Live classes: Every class is live. Live classes offer real chats, genuine engagement and real-time learning.
- Lots of choices: Electives Membership pulls from our library of 450+ live classes to match every employee’s needs.
- Top instructors + content: All Electives Membership classes are evaluated regularly for relevance, impact and enjoyment.
- Individualized learning: When employees choose what they learn, the learning is more impactful.
- Cost-effective: Electives Membership is available on a per-person, per-month basis.
- In-demand perk: Demonstrate to your team that you care about them and their growth.
- No stress: We take care of all the logistics.
Electives Membership simplifies the process of providing individualized learning opportunities to your employees. Join the ranks of forward-thinking organizations that embrace individualized growth to unlock unparalleled potential and retain employees. Enroll your team in Electives Membership today.