Work Perks: 5 Employee Benefits Every Business Should Offer

Everybody wins when employees are happy.

Indeed, happiness has been shown to increase productivity by an impressive 20%!

Clearly, it’s in any company’s interest to take steps that facilitate employee wellbeing. Employee benefits can be a great way of doing exactly that.

But what exactly makes the best benefits?

Keep reading to discover the 5 work perks your employees will love.

1. Travel

Incentive travel is becoming a key perk for employees.

Sure, cash is great (more on this next). But it never lasts! Traveling the world provides memories that last forever. Travel that’s bankrolled by your employer is, of course, even better.

Think funded weekends away, all expenses paid trips abroad, and so on. This makes for a serious incentive to work harder on the job. How could you not, when you know an epic trip overseas is on the cards?

Read more about it at VIKTOR incentive travel.

2. Cash Bonus

Next up we have the good old-fashioned cash bonus.

It’s standard stuff:

Work hard, get results, and get paid more for it.

Now, cash bonuses will only get an employer so far. After all, attaching bonuses to high targets can make for stressed-out employees more than anything else. It’s about striking a balance between providing a worthy reward for a reasonable target.

Cash is often a go-to perk for employers. By itself though, it’s unlikely to provide the results you’re after.

3. Yoga Classes/Gym Memberships

People are into their wellbeing and fitness like never before.

Unfortunately, paying for classes and memberships is rarely cheap. In fact, it’s easy to spend thousands of dollars on this every year.

An employer that provides free or discounted memberships/class (such as to yoga or the gym) is always going to be held in higher regard!

Many businesses offer this as standard. It’s no strings attached stuff: “work for us, get these memberships”. Remember, happier employees work harder. And a key to happiness is health! Paying out for the gym/yoga works well for everyone.

4. Paid Sick Leave

Working without paid sick leave is never fun.

It puts immense pressure on employees to stay well. After all, if they fall sick and can’t work, it means they lose their income. The pressure amounts to stress, and, ironically, extra stress can lead someone to fall ill!

Employers that offer paid sick leave relieve this burden of stress. It’s a weight off someone’s shoulders and should come as standard by all employers. Read more about holiday off in lieu for Singapore.

5. Health Insurance

Health insurance is another perk that employees are sure to value.

In fact, it arguably trumps all of the others combined.

Nobody knows when disaster will strike and they’ll need medical treatment. As we all know too well, this is never cheap. Without insurance, you alone have to front the bill, which can place someone immediately into financial dire straits.

Knowing your employer has you covered is a great relief.

Time to Offer These Work Perks!

There you have it: 5 top employee work perks every business should offer.

Happy employees are hardworking employees. For that reason alone, it’s in an employer’s best interest to look after their workforce.

By taking active steps to support their staff, they gain heightened levels of commitment and productivity. Work benefits are a great means of making that happen.

Hopefully, this post has highlighted a selection of the best benefits out there.

Want more articles like this? Search ‘employee perks’ right here on our blog to get started!

Adam Hansen

Adam is a part time journalist, entrepreneur, investor and father.