How Your Employee Benefits Affect Your Company’s Success
[This article was written by Dawn Castell.]
We all know that it takes a lot to make a company successful. More than just the products and/or services you are providing. Getting and keeping quality employees is another incentive for your success. The benefits you offer them will help you get and keep the right employees for your company.
Positive Employee Morale
Keeping your employees happy will help your business succeed. By getting to know your employees and their needs, you will be able to really help them find the work-life balance that works for them.
In order for your company to help your employees find the right work-life balance, give them the benefits they need. It has been proven in a survey of 50,000 employees across the world, that those who have a positive work-life balance are twenty-one percent more productive and more dedicated to their job.
If you look at the future of your company, making positive employee morale a priority will help your company out in the long run. Better productivity and dedication will help your company’s success and cut down company costs in other areas. So how do you as a company, keep your employees happy?
Differentiate Your Company
Having employees who are skilled and dedicated creates a strong foundation for your company to stand on. In order to find the right employees, you need to be offering them tangible benefits that are different for that of other companies. Some of the things you should offer your employees are paid vacations, paid holidays, and health plans.
By offering benefits that are solid will help demonstrate that you believe enough in your business that you are willing to invest in the right employees. This also will show that your company is stable and will be around for the long haul.
By keeping your employees happy, you will be able to reduce your company’s turnover rate. Investing in your employees best interests and show them that you value their job performance, this will help your company make progress moving forward. By offering your employees better benefits packages will help you get and keep a team of employees that are dedicated to your overall goal.
When your company offers health and dental insurance as well as sick leave, you will have a better chance of keeping a healthy workforce. With solid health insurance, your workforce will be more likely to go get regular checkups. If your company offers sick leave and you enforce your employees to take it when they are really sick, your workforce will be more willing to stay home instead of spreading illnesses throughout your whole company.
By offering benefits to your workforce, you give them more reasons to actually care about your company. Your employees will be more willing to work harder to reach your goals which will in return, help your company’s success. When you offer benefits, you will be able to recruit the type of professionals that will make your business succeed. The ones who are willing to stay with the company for a very long time.
Paid Time Off
There are so many benefits to offering your employees paid time off. There are even more benefits to enforcing your employees to use their paid time off even if they do it just because. When employees don’t use their paid time off, they are more likely to be less happy, have higher stress levels, lack in their performance and their productivity.
By letting your employees know PTO is acceptable, you are helping both the company and them out. Your company will need to find a way to make everything work when you have an employee away. You will also have to figure out a way to monitor everyone’s PTO, how much each one is using, and how the PTO lifecycle will fall into effect.