Unlock the secrets to an employee benefits scheme that works
Are you continuously striving to attract and retain top talent?
You’re not alone.
According to one report, 51% of UK companies surveyed said that they were struggling to attract the quality of workers that they want. It seems that companies need to look at more than just the number at the end of their employees’ payslips if they are to engage the services of the staff they want.
Instead, many companies are aiming to achieve this goal by offering an attractive employee benefits package. While many off-the-shelf benefits solutions exist, tailoring a benefits scheme to suit the specific needs and preferences of your employees can be a game-changer.
In this blog, we will explore the benefits of a tailored employee benefits package over an "off-the-shelf" product, not just for recruiting the best talent, but as a way of ensuring your existing workforce gets the most out of the benefits you provide.
1. Meeting diverse employee needs
Every employee is unique, with different priorities, values, and life circumstances. In fact, catering for the needs of a diverse workforce and ensuring all are included is one of the top trends affecting recruitment this year.
An off-the-shelf benefits package may include a broad range of benefits, but it might not address the specific needs of your employees. By tailoring your benefits scheme, you can accommodate the diverse needs of your workforce. Whether it's private health insurance that ensures they get equitable access to medical help quickly or retail discounts that help them purchase items that they need from a diverse range of retail outlets, customising benefits allows you to cater to individual requirements, enhancing your job offering to prospective employees and increasing job satisfaction of those who already work for you.
Facilitating fair and equitable access to these benefits is also essential to meet all your employees’ needs. Using an employee perks platform, such as Smart Hive, makes certain that all your employees can access all their benefits anywhere, anytime. A dashboard helps your employees visualise all their benefits in one place, and a simple click on the corresponding tile provides them with a link to the relevant website or information.
Add your own benefits, personalise the platform and ensure that everyone gets the most out of their benefits with our Smart Hive app.
Interested? Learn more.
2. Enhancing your reputation
Secondly, a tailored benefits package from an employee benefits broker demonstrates your commitment to your employees' wellbeing and happiness. There are a myriad of wellbeing benefits to choose from, and a bespoke package can help you build a collection that meets the specific needs of your staff.
By providing access to wellbeing solutions with our easy-to-use Smart Hive platform, you can improve employee mental health and wellbeing. As you do so, you develop an enhanced reputation and are perceived as a responsible and caring employer. This leads to greater brand loyalty and helps you attract great employees.
If you want to get even more out of your team, add our Reward and Recognition to your Smart Hive platform, so that you can thank them for their hard work and reward them accordingly. Great employees stick around for longer when they know that their contributions are seen, acknowledged and rewarded.
Interested? Learn more.
Talk to us
If you would like to find out more about our solutions, get in touch.
3. Cost-Effective Solutions
Contrary to common belief, tailoring an employee benefits scheme does not have to be more expensive than opting for a standard solution. By understanding your employees' needs and preferences, you can optimise the benefits offered, ensuring that you invest in what matters most to them. This targeted approach helps you avoid spending on benefits that are not valued by your workforce, giving you a great return on investment.
4. Flexibility and adaptability
Finally, personalising your benefits offering allows you to adapt your package. As your workforce evolves, so do their needs. With a customised package, you have the flexibility to modify and update benefits according to changing employee demographics, emerging trends, and market conditions. This adaptability ensures that your benefits scheme remains relevant and valuable, reinforcing employee satisfaction and loyalty over the long term.
Tailored benefits: designed with you in mind
In today's dynamic business landscape, a one-size-fits-all approach to employee benefits is no longer sufficient. Tailoring a benefits package that addresses the specific needs and preferences of your employees provides a range of advantages.
From meeting diverse employee needs and enhancing your reputation to getting a great return on your investment, a personalised benefits scheme is a powerful tool for creating a motivated and loyal workforce. By investing time and effort into understanding your employees' aspirations, you can unlock the secrets to an employee benefits scheme that truly works!
Remember, employees are your most valuable asset, and a tailored benefits package is an investment in their wellbeing, job satisfaction, and productivity. So, take the initiative and create a benefits scheme that demonstrates your commitment to their success. Your employees will thank you, and your company will reap the rewards of a happier, more engaged, and more productive workforce.
If you’re not sure where to start, speak to an employee benefits advisor, for more information and advice.
