Should You Offer Extra Benefits to Employees?

August 8th, 2012

How do you reward hardworking employees? Some companies offer pay increases for their workers who exceed performance standards, but many employers are finding that rewards don’t always have to come in the form of monetary compensation. That’s right, extra employee benefits are the new raise. That doesn’t mean there aren’t questions about these extra benefits, and if they really benefit you.

What Extra Benefits Are Offered?

Everyone needs the chance to relax, sweat, and release some tension once they’ve clocked out for the day. Gym memberships, massages, and even acupuncture treatments are all popular benefits that employers can choose to offer their employees. Not only do these encourage employees to relax and enjoy themselves, it also helps them stay well.

Are Extra Benefits Expensive?

While adding these rewards can increase your yearly budget, the trade of having happier, healthier, and possibly more productive employees can make the additional expenses worthwhile. However for some companies, it may not be a financially sound decision to offer these incentives immediately. It’s all a matter of your budget.

Why Offer Extra Benefits?

Simply put, everyone loves a reward. It’s already been said that relaxed employees stay well, but what hasn’t been said is that relaxed employees are happier employees. In turn, happier employees can be more productive, and then earn an even greater reward. These incentives aren’t just good for salaried employees. Providing benefits for hourly and part time employees allows you to reward them for their hard work even if you cannot increase their pay. Thus, extra benefits can help all your employees feel valued. If it’s a financially sound decision, why not offer rewards benefits?

Peter Morrissey has been working with employee time and attendance for more than 15 years, Peter has supplied more than 3000 customers around the world with employee time management systems. He has seen the good, the bad and the ugly. Peter bought the JobClock system into Australia in 2008 to fill a void not being covered at the time. As cloud technology has come along the JobClock system not only services construction but many more industries hungry for employee labour costing information.

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