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Trends in corporate benefits

Employee benefit offers that were important before the covid may not seem so essential to employees now, and benefits they never even considered may now be at the top of their wish list.

An attractive benefits package has repeatedly been shown to have a major impact on a company’s reputation.

An attractive benefits package has repeatedly been shown to have a major impact on a company’s reputation. A company’s benefits plan says a lot about their culture and how much they value their employees. An attractive benefits plan also helps HR attract and retain the right talent and increase employee productivity. When employees feel valued in the workplace, they are more motivated to perform better and achieve results.

Employee financial health

The financial impact of the pandemic was a cruel blow to many workers. Many have had to dig deep into their savings and reassess their spending. Abroad, there is a noticeable growth in training courses offering education and coaching, budgeting and savings tools, and financial advice and planning. In addition, employers work with clients and partners to create a network of employee discounts for their workers. As a result, employees feel a stronger need to help the company get through tougher times, and they can save money as a result.

Flexibility in the workplace

Flexible working hours are likely to be widely available after the pandemic. It will be in high demand when the physical workplaces reopen. Abroad this year, up to ¾ of employers allowed flexible working. This flexibility allows employees to balance work and family life. This is especially true for working parents who have children at home, as most schools and clubs have been closed.

Mental health care

States of depression and anxiety are at an all-time high “thanks” to the pandemic. The mental well-being of employees is now not only an ethical but also an economic priority. Poor mental health is often associated with high turnover, absenteeism, low productivity and poor physical health.

According to the survey, 59% of new programmes and services offered after the pandemic focus on supporting the mental health and wellbeing of employees.

An employee with good mental health, satisfied with the benefits offeredis 31% more productive, is 3x more creative and has up to 37% better sales ( we are talking about salespeople ). At the same time, such an employee demonstrates an average of 87% loyalty to his or her current employer.

In difficult times, it is essential to retain key employees and provide them with benefits to achieve mental balance.

Home office equipment

About the benefits of home office
we wrote in our previous blog. A strong trend from abroad is to cover the costs of setting up a “home office”. In other words, the company will pay expenses related to e.g. with the purchase of an office chair, monitor or desk. A survey conducted in the early months of the COVID-19 pandemic found that 1 in 5 companies are committed to helping pay for teleworkers’ home office costs. According to a recent survey, 92% of remote workers expect to continue working from home at least one day a week and 80% expect to work from home at least three days a week.

With a rapidly changing world, corporate benefits need to adapt enough to retain key employees while attracting the predatory talent that will open up new horizons and opportunities for the company.

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