Creative Benefits You Can Offer Employees
Nov 08, 2024Today's episode centers on creative employee benefits that can set a business apart.
First, let’s briefly touch on standard benefits like health insurance and 401Ks. While essential, they can sometimes be limiting if the goal is to offer something unique to employees. Here are some nontraditional perks that can distinguish a company.
At "Keep What You Earn," wellness reimbursements are implemented to promote both physical and mental well-being. Employees can use their wellness budget on various services, from fitness classes to BetterHelp subscriptions. This approach not only supports physical health but also emphasizes mental health, which is crucial for a balanced work environment.
Another innovative benefit offered is personal development reimbursement. Employees are encouraged to attend events that aid in personal growth, whether it’s a Tony Robbins seminar or a local business conference. This investment in personal growth makes team members more well-rounded and productive.
Lifelong learning is highly valued, one of the core principles at "Keep What You Earn." Team members are encouraged to read books and share insights. Approved book purchases are reimbursed, and Slack channels are created for discussion. This enriches the team’s intellectual growth and fosters a culture of curiosity.
Community involvement is another significant pillar of the company culture. A charitable matching program is in place, where donations made by employees to qualified charitable organizations are matched. This encourages charitable activities and aligns employee values with organizational goals, fostering a sense of community and purpose.
One particularly proud initiative is the "Just Because" budget. This allows team members to surprise and delight both clients and colleagues with spontaneous acts of kindness. Whether it’s sending a congratulatory gift for a client’s milestone or recognizing a coworker’s hard work, it creates a positive, appreciative work environment.
The unique benefits offered should align with the values of the employees a company wishes to attract. If a potential hire shows enthusiasm for the book club or personal development reimbursements, it’s an indicator they are a good fit. Communicating these perks clearly during the hiring process can attract candidates who will thrive in the company culture.
Listeners are encouraged to share any unique benefits that have made a difference in their workplace culture. Shannon Weinstein would love to hear from listeners; they can drop her a DM with their ideas or examples to spread the knowledge.
What you'll hear in this episode:
03:46 Funds for employee personal development events available.
07:43 Promote learning and values through incentives, reimbursements.
12:15 Visit website for career and CFO opportunities.
If you like this episode, check out:
Managing the Employee Expectation Gap
Strategies for Managing Remote Teams
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
