Rewarding employees for their hard work is something that many employers do. Regardless of the line of work you are in, giving kudos to your employees for the effort they are putting in is of the utmost importance. A pat on the back and a message of recognition is a great place to start but is not the be-all and end-all of giving your employees recognition or business perks.
At the same time, offering business perks is not just something reserved for larger corporations either. Small businesses are able to do the same without breaking the bank. With this in mind, you might find yourself wondering what precisely those small perks are and how best you can present them to your employees.
Should this be the case, you are in the right place at the right time. Below, we have compiled a list of but some of the perks that small businesses should consider offering their employees. No matter the size of your workforce or when you intend to implement these perks, get yourself comfortable and read on for more.
1. Option to Purchase or Sell Holiday Days
This is a perk that some businesses offer to their employees, and they find that it is incredibly popular throughout their workforce. We have all been in the position where we wish to book an extra paid day off but find that we have used up our allowance. The disappointment cannot be matched! At the same time, some people might find themselves reaching the end of the year with holiday days leftover, which they cannot roll over into the following year.
Providing your employees with the opportunity to purchase or sell holiday days eliminates these types of situations and lets your employees be flexible in how they manage their paid time off. Not to mention, giving your employees this opportunity provides them with more of a chance to rest and recharge. Having well-rested employees means they will be able to complete their jobs to the best of their ability; what more could you want?
2. Option to Use a Company Card
While this might not be something that you have thought about as a small business, it is something that could be offered to your employees as a perk, irrespective of the income and outgoings of your company. Company credit cards are used in a similar way in which you would use a personal one; to purchase goods and services for your use and build a credit score.
Providing your employees with the opportunity to use a company card can certainly be viewed as a perk of the workplace. Naturally, you would want to monitor what your employees use the company card on, but within reason. When away on a company trip or related situations, sticking to business-only purchases is the best means of monitoring the spending. At the same time, you should think about the levels of access you will be offering with the company card. Should you want to learn more about virtual company cards and move away from physical cards, ensure you read up on the topic to make an informed decision that is best for your company.
3. Option to Access Private Healthcare
Caring about and prioritising the health and wellbeing of your employees is critical and is something we feel you are already doing as a devoted business owner. Giving days off when unwell and time off for any doctor’s appointments should be the bare minimum you are offering your workforce and is not the only thing you can do. At the same time, you should also think about the factors beyond this.
There might come the situation where an employee falls unwell and cannot receive treatment through their local hospital or doctor’s surgery. Private healthcare is available in the UK but can be rather costly for individuals. Providing your employees with access to a private healthcare plan will protect them in the event of something like this coming to light and leave them with the peace of mind that they would not be putting themselves into financial difficultly when acquiring the right treatment.
Understandably, there are many different job perks and benefits out there. When finding the right ones for your business model, it is all about thinking about what works best for you and your employees and what you think they would make use of. Taking inspiration from what other businesses are using is one way of narrowing down the options, but how about asking your employees what perks they would like to receive? That way, you have heard exactly what is desired from the horse’s mouth and have a better idea of what you should be focusing on.
While these were only a handful of perks that you should consider, we hope it has left you with a better idea of what to think about moving forward. No matter when you intend to fully implement these perks within your business, go forth knowing that your employees are sure to be appreciative!