Salary is not always the main key when choosing a job. In fact, recent data published by the Harvard Business School reveal that 60% of employees indicate that benefits and benefits are an important factor when accepting a job offer, and 80% of respondents would choose additional benefits in place of a salary increase.
Many companies have already put their batteries and developed their creativity to provide employees with greater flexibility, conciliation, leisure benefits or as many options in the offices as being able to take their pets, nap, go to the sauna or practice yoga . Next, we review four labor advantages that millennials put before the salary increase.
System of points
In many occasions the flexibility comes from the hand of small benefits and of personalized character. For example, N6A, a public relations agency based in New York City, has an innovative program called Pace Points where employees can redeem points for benefits such as free purchases or transportation, dream vacation packages – a month in Europe, for example – annual subscription to the gym, concert tickets and more. The points are obtained through individual, group and company-wide achievements.
Technological expenses account
It is quite normal for employers to provide employees with technological equipment and essential office supplies. But depending on the person and the role, employees may need different tools to be more productive at the individual level. For example, one employee could work better with noise-canceling headphones, while another needs a second monitor to complete projects more efficiently.
To address this, an important benefit is to provide each employee with a budget of their own technology that can be used to acquire the most suitable tools, exploiting their talent and investing in their future.
Health and wellness benefits
Wellness programs for employees reduce absenteeism and sick leave, reduce stress and numerous health problems and improve productivity and motivation. However, not all employees want the same benefits when it comes to wellness programs. Offering different options is the most appropriate: private medical insurance, bike rental, gym, smoking cessation programs, healthy menu option …
An emerging benefit for innovative companies are flexible vacation options in addition to any general vacation package. For example, to be able to take a free birthday or another holiday that is important to them for religious, family, cultural or leisure reasons. The workforce of today is increasingly diverse, so this option is key to attract talent, creativity and commitment, betting on inclusion.