Competition for top talent among companies is fierce. With unemployment remaining low, many businesses are having to work diligently to retain their best and brightest staff members as well as attract high-quality candidates to fill vacant positions.
If you’re dealing with a tight budget, identifying perks and incentives that can entice workers while still being affordable can feel like a challenge. Luckily, there are a few stellar options that won’t break the bank. If you are ready to implement new perks and incentives in your company, here are a few to get you started.
Many office jobs could be accomplished from nearly anywhere thanks to technology. If you have employees that don’t interact with the public at your workplace and could effectively complete their tasks from home, consider creating telecommuting options.
If you already provide workers with laptops at the office and have a network that supports VPN connections, you can let employees telecommute a few days each week for little to no additional cost. Your staff will appreciate the boost to work/life balance and the comfort of being able to work from home, making it an excellent low-cost perk.
Most employees have a few causes that are near and dear to their hearts. Whether it is supporting their child’s school, a local charity, or similar organizations, being able to contribute their time can be incredibly meaningful.
One way to use this as an incentive is to provide employees with “volunteer days.” Allow them to take time away from the workplace (with pay) to help out their favorite organization.
Essentially, you can create a program that functions similarly to vacation days. Require workers to schedule their absences in advance to ensure proper coverage, then provide them with their usual pay rate while they volunteer. It can do wonders for the spirit and shows that your company, as well as your employees, are dedicated to helping the community.
A significant portion of your workforce likely commutes, usually on a daily basis. Finding ways to relieve some of the financial burden associated with traveling to work or even limit the amount of stress that comes along with driving in every day can go a long way.
For example, you can create a carpool matching database that helps workers find other employees who share the same schedule and live in nearby areas. You could also provide stipends for public transportation options like subway or bus passes, or small financial incentives for those who walk or bike instead of drive.
Most of the incentives are fairly low-cost and relatively easy to implement. Plus, you will play a role in getting cars off the road and ensuring your parking lot isn’t overcrowded, both of which can be great in their own right.
Ultimately, the perks and incentives listed above can be great places to start, especially if you are working with a small budget. If you’d like to learn more, the professionals at Career Options can help. Contact us to discuss your company’s needs today and see how our expertise can benefit you.