Love is in the air! For some people, Valentine’s Day is one of the most significant days of the year, celebrated with cards, chocolates, flowers, and other gifts. For others, it is simply another day on the calendar.
To employers, Valentine’s Day has special meaning as well. The vast majority of companies provide employee benefits to their workers, and as an employer, nothing offers better returns than investing in your employees. Here are the three reasons why you should love your benefits package!
Healthy Employees are Happy Employees
It’s much easier to get the job done when you’re feeling good. That’s why employers should be offering medical and health-related benefits. A Medical Flexible Spending Account (Medical FSA), Health Savings Account (HSA), or Health Reimbursement Account (HRA) are great places to start.
If you already offer one or all of those to your employees, you could also consider adding a Specialty Account. These accounts provide extreme flexibility and can play an essential part in building a corporate culture that encourages success, loyalty, and job satisfaction. A specialty account is essentially a series of benefits provided to employees intended not only for their health, but also for their wellness. Investing in additional benefits can help employees life with less stress and an overall higher quality of life! Healthy employees are better for business — offer medical insurance and other wellness benefits to retain them!
Improved Overall Productivity
When it comes to employee benefits, there is no shortage of options. From health care coverage and 401(k)s all the way down to flexible work schedules or on-site yoga classes, if you’re looking for something to increase productivity, then utilize your employee benefits. The employee experience has changed drastically in the wake of the COVID-19 pandemic. Work from home is increasingly more common, and many parents may find it increasingly difficult to separate work life from personal life. Dependent Care FSA (DC FSA) is a helpful resource for parents and caretakers that can provide additional structure in the work-life balancing act, resulting in increased productivity. A DC FSA covers daycare expenses for eligible children (as long as they are under 13 years of age). It can also cover costs incurred to care for an adult-dependent incapable of self-care.
By providing the right benefits, your workforce will find it easier to afford health care, childcare, and save for retirement. This means they are more likely than ever to put focus on working hard at your business instead!
Boosted Employee Morale
An attractive benefits package is key to improving employee morale. With all the changes in today’s workforce and workplace culture, there are many different ways for employers to offer their employees what they need most–a strong sense of community that will keep them coming back again and again.
When you care about your employees, they will bring their best to work. When employees feel cared for, they work harder and bring their best to show in return; it’s like an endless cycle! Happy, loyal employees are more likely to speak highly of your business. This makes it easier for you to attract talent when there are job openings and keep them with great benefits.
To make your employees happy and maintain morale, you need to provide them with good benefits so they can love your benefits too!