Top Perks & Benefits to Retain Your Employees
If you are looking for ways to retain your employees, offering perks and benefits is an excellent choice. According to the experts in job placement agencies, it helps to invest in the overall satisfaction of the employees to retain them and enhance productivity. An effective way to accomplish this is through appealing benefits and perks. Read on to learn what is considered as a perk and what it includes so you can implement the correct policies in your organization.
Defining Perks and Benefits
Although people often use the terms interchangeably, they differ slightly.
They are a form of compensation that you may provide as part of the salary. If you choose not to provide them, your employees may have to fund them on their own. They cover more fundamental needs.
Also known as perquisites, they are add-ons to an employee’s salary and benefits. They are provided above-and-beyond the regular monetary package.
Top 4 Benefits Offered by Employers in Canada
This is one of the essential benefits that individuals often look for when joining a new firm. Studies show that it is one of the most wanted benefits by candidates. Healthcare policies are different for every organization and typically include life insurance, vision, prescription, and dental coverage for employees and their families.
- Paid Time Off (PTO)
In addition to healthcare, candidates also look for PTO as an essential benefit. It could be illness, vacation, or bereavement leaves. Generally, new hires get two weeks PTO, while other employees get three or more weeks of personal time off.
- Maternity or Paternity Leave
Many young employees will pursue their career goals while planning for the adoption or birth of a child in the future. This is why maternity or paternity leave is a great benefit to have in your organization.
- Retirement Saving Plans
The Registered Retirement Savings Plan (RRSP) is an excellent way to encourage employees to save for retirement. You could also offer to match their contribution up to a specific amount to motivate them to continue working with your organization.
Persuasive Perks to Retain Your Employees
In addition to the benefits, the specialists in job placement agencies recommend the following perks to ensure your employees are happy:
- Work-from-home or work from anywhere options
- Workplace wellness initiatives such as a paid gym membership program and health screenings
- Free meals, snacks, treats, or beverages
- Transportation facilities, toll or parking reimbursement
- Funding training or education for the employees
Get Great Job Opportunities with Excellent Benefits!
In addition to offering great perks and benefits, it helps to build and promote your company culture and environment to establish an excellent reputation and hire skilled candidates. Winters Staffing is a leading job agency in Toronto, with over 45 years of experience in the industry. We have the resources and connections to help you find the right people for your organization.