How Employee Perks Can Help Boost Productivity

January 19 2023 - Boosting productivity is something that every business leader will want to achieve, but it is easier said than done. Productivity can rise and fall, so it is important to know the best strategies to boost productivity and get the most out of your employees. One of the most effective ways to do this is with employee perks, which can benefit the business in a few ways.

Examples of Perks

There are many excellent employee perks that could boost productivity and keep your staff happy and engaged. It is a good idea to focus on employee well-being, so perks like flexible working, gym memberships, holidays and paid time off are all worthwhile and can make a big difference. You will also want to consider unique perks that your employees will appreciate, such as car finance gap insurance as a perk and this will be cheaper than having to buy a company car for employees.

The Benefits of Employee Perks

The key reason why perks are so beneficial is that they can keep your employees happy. Competitive pay is obviously important, but perks can improve the life and overall well-being of your staff and help them to feel valued. When you have employees that are happy and feel valued, they will come into work each morning with a positive attitude and work to the best of their abilities. When this happens, productivity can soar and it can take your business to new heights while also creating a positive workplace atmosphere that everyone can benefit from. If you do not offer perks that appeal to your employees, you could see performances dip and suffer from high staff turnover.

What Employees Think of Company Perks

Employers should also be aware of what employees think about perks. A recent poll revealed that paid sick leave was the most valued perk with 67% of 1,001 people surveyed stating that this was the perk that they valued the most (this is hardly surprising following COVID-19). Following this was flexible working with 57% and matched pension contributions (46%). Mental health and well-being, performance bonuses and a four-day week were also perks that employees value highly. Of course, every employee is different and what a 60-year-old will want will differ from someone in their 20s. This is why you need to consider your workforce and identify perks that will keep all of your workers happy and motivated at work.

Overall, it is important to carefully consider employee perks and ensure that you are offering perks that your employees will value. When you offer perks that employees value, it should lift productivity and could help you to reach new levels of success. Perks can also help you to keep hold of your top performers and create a positive atmosphere in the workplace.

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