Benefits and perks play a crucial role in improving employee experience, motivation, and can set a company apart from competitors.
Benefits are necessary and valuable to employees, such as health insurance, life insurance, paid time off, family leave, and retirement planning.
Perks are additional offerings that enhance the employee experience, such as student loan assistance, flexible scheduling, career development, childcare support, work/life balance initiatives, lunch stipends, wellness programs, and employee recognition.
Regularly assess the effectiveness of benefits and perks by gathering employee feedback and monitoring utilization. Communication and awareness of these offerings are crucial for their success.