As an employer or the CEO of a company, it is essential to stay ahead of the curve so that you have a grip on all internal operations. Your employees expect a certain number of benefits or perks and if you do not provide them, they will always have experience a certain level of dissatisfaction with your company.
Your employees might not express what they feel and therefore the onus is on you to keep these benefits in place so that they are happy in the workspace. This is essential because their happiness directly translates to their performance and, in turn, the growth of your company.
The following are some of the benefits that most millennial employees around the world expect from a top company!
A solid healthcare plan in place
One of the biggest perks that urban employees expect from their company is a solid healthcare plan. The safest and the most popular way is to provide a health insurance plan for them. Most millennial employees cannot afford expensive hospital bills and hence would appreciate such a solution for sure. Another way to go about is a bit more hands-on. You can setup a healthcare clinic in the office campus itself and start including highly nutritious food items in the pantry. This way, you are making sure that your employees stay fit.
Best employee benefits
If you do not have a ‘Best Employee Benefits’ plan set up in your office, then it would be best to start it as soon as possible. It is not just an opportunity for an employee to earn a few extra benefits based on the performance, but also a way to improve the competitive spirit of the workforce. It helps in creating a healthy work environment where people value high performance.
Flexible working hours
All the major companies around the world have now come up with flexible working hours, keeping the interests of their employees in mind. Now the priority is to get the work done efficiently rather than just sticking to the rigid protocols in place. Employees expect to get ‘work from home’ options and can even shift working hours by an hour or two. This simple adjustment can go a long way in making your employees comfortable in the working space.
A snazzy workspace
A millennial expecting a snazzy workspace is quite natural these days. If you are a corporate company, the best way to go about it would be to keep it professional, sleek and stylish when it comes to the design of your workspace. On the other hand, if you are company that deals with creating content of some kind then having a casual yet stylish setting with some fun elements in it would be the best way to go ahead.
According to Sea Hawk Travels, a popular corporate car renting service provider, transportation benefits are one of the most popular perks that the employees expect these days. Be it for the daily commute or going to a corporate event, more than two-thirds of employees expect to have the transportation part sorted for them by the company itself. Providing employee transportation also improves the employee productivity and their well-being. Furthermore, it also benefits the company by improving the reputation in the market which in turn helps in an easy hiring process.
It is natural for an employee to expect certain benefits or perks from their company and hence it is up to the employer or the company to offer the same. It may seem as an extra expense but all of it surely helps the company in a huge way in the long run. It not only helps you retain your employees but also helps in improving the productivity dramatically.