Having in place good workplace benefits is vitally important for high levels of staff retention, as
valuable benefits can make a crucial difference as to whether an employee stays at your
company or decides to look for a job elsewhere.
Excellent staff benefits can also promote workplace productivity, as employee benefits can help
your staff perform more efficiently. For firms, they can also come with useful tax breaks. Here
are some of the most common employee benefits being implemented in workplace schemes in
2019 in the UK.
Working From Home
It is becoming increasingly commonplace for employers to allow their staff to participate in
remote working schemes. For example, many companies allow their team to work from home at
least one day of the week, or provide employees with the possibility of working from home on a
full-time basis. Remote working is advantageous for both parties: it can help to significantly
reduce transport costs and promote productivity.
Another popular benefit being used by firms is providing workers with flexible hours. This tends
to be especially favored by those with small children and it is often cited as one of the top
benefits people want most from a workplace. For example, it means parents are able to do
school drop-offs and pick-ups, without having to worry about it interfering with work.
Buying insurance, whether it be a life or health insurance policy can be particularly expensive to
purchase on an individual basis. As a company, buying in bulk tends to be far more cost-
efficient, and more firms are providing insurance policies as a work perk for their employees,
helping to attract the most talented staff and to also stand out from their competitors.
With specific company life insurance available from just £4.99 per person, there is the sentiment
that you care about your staff’s wellbeing and their family’s finances too.
More businesses are deciding to offer credit facilities to staff as a workplace benefit, to help
them in times of financial difficulty. This can be an incredibly important lifeline to employees who
may be struggling with cash due to an unexpected emergency. Common benefits of this kind
include wage advances, or the ability to borrow money at a low-interest rate, and are offered by
various public companies including the NHS and major supermarket chains.
These are often direct credit facilities with the employer, they do not require any security and
are classed as non-guarantor loans.
In a fast-paced work environment, more people than ever before are prioritizing the importance
of having a good work-life balance. Many firms are helping to facilitate this in 2019 by providing
gym memberships to its employees, either on-site or located locally to the company. Not only
does this help employees keep on top of their physical health, but it can also have a huge
impact on their mental health too, potentially reducing staff absence in the longer-term.