Perks and Benefits Offered By Organizations to Their Employees

1. Perks and Benefits Offered by Organizations to Their Employees Employee retention is a crucial part of any organization's or business's growth and development. This is the driving reason that has led these organizations to lay importance on employee benefits packages. This article will trace the major employee perks and benefits that organizations have designed to retain their workforce. What is the Main Reason Behind Workers Leaving? Apart from personal objectives, the main reason behind workers’ leaving is the organization’s failure to look after their needs and requirements. The organization fails to offer basic corporate employee benefits, which leads to dissatisfaction in its workforce. Some major reasons that drive employees to resign from their positions include the following: ●Unsatisfactory salary structure ●Overburdening and stressful work environment ●Restricted professional and personal growth ●Oppression from the management ●Lack of recognition ●Herd thinning work environment ●No employee perks and benefits offered by the organization ●Better opportunities available in other companies

2. What are Employee Benefits? Employee benefits are a form of non-cash compensation that organizations offer their employees. These are also termed fringe benefits, whose main aim is to retain the workforce. Most individuals search for a job that proffers the best employee perks and benefits. These benefits are designed in accordance with the needs and requirements of the individual. Best Perks and Benefits Offered by Organizations to Retain Employees The best employee retention platform in any business venture lays forward the following employee benefit programs: 1.Healthcare Insurance Most employees look for an organization or company that offers them healthcare insurance. Especially in the U.S., Americans are only able to afford public health insurance through their employers. Alongside being a major benefit for the employees, healthcare insurance also serves as a perk for the employer. This is because it helps in achieving minimum absenteeism due to illness. 2.Performance Bonus Performance bonus boosts the morale and motivation of the employees. Apart from the extra cash that they receive, performance bonus also helps the employee feel recognized and accepted. Parallel to this, the performance also accelerates performance in the workplace. Thus, performance bonus leads the organization to fulfill its company-oriented goals with the collective contribution of its employees. 3.Paid Sick Leave Paid sick leaves help the employee recover completely before stepping up for work again. Employees working in organizations that do not offer paid sick leave are forced to work despite their illness. While this is a threat to the health of other employees, it also reflects in the downward productivity of the workplace. Any kind of illness prohibits the employee from delivering work to their full potential. 4.Flexible Schedule Organizations also offer work-from-home employee benefits. Employers have come to realize the benefits of letting employees work from the comforts of their homes. While it is definitely a desired and cherished asset of every employee, work-from-home also contributes extensively to the productivity of the organization.

3. Conclusion There is no doubt to the fact that employee retention is important for the growth and development of the organization. However, retaining employees is possible only by offering them relevant employee perk programs. Listed in the article were some of the perks and benefits from a list of countless others that help the individual feel satisfied, appreciated, content, and safe in a workplace.