Benepass’ Post

Do generous perks equal happy workers? Not always, writes Sunghoon Kim of the University of Sydney. "Rather, research suggests employee benefits are most effective when they generate “positive social exchange relationships” between employers and employees," says Kim. "A positive social exchange relationship develops when employees believe the benefits are special gifts from their employer, and thereby reciprocate with extra effort and loyalty to the organization." Full column below. https://lnkd.in/geKu7ycm #HR #Perks #Benefits

45% of Brits made improving personal finances part of their resolutions for 2024 (Workplace Wellbeing Professional). Why are so many businesses considering offering salary-stretching employee benefits over pay increases? 📢 Affordability. 📢 Read on to discover why SmartPay is the #costneutral employee benefit you need in 2024: https://bit.ly/3ROgYkQ #BusinessMadeJoyful #WorldofOpportunities #PluxeeEffect

Check out this insightful list of 10 alternatives to a salary increase that could elevate your work experience.💼✨ From flexible schedules to wellness programs, discover options that align with your preferences. Plus, don't forget about the potential joy of pet benefits! 🐾 https://lnkd.in/eNNePyDw #EmployeePerks #PetBenefits #CareerGrowth #PetBenefitSolutions #EmployeeVoluntaryBenefits

Employers are increasingly looking at ways to stay ahead of the competition. One such area is investing in employee benefits. 🤝 From providing flexible working arrangements and competitive salaries, to offering health and wellness packages, employers are investing in employees to build a culture of loyalty and community. 📈 The workplace landscape is changing, and employers know they must keep up if they want to attract and retain the best talent. 📊 Encouraging a healthy work-life balance, providing childcare and parental leave options, and offering career development opportunities are just some of the benefits employers are now providing. 💻 Employers are increasingly spending more resources in employee benefits to ensure they stay ahead of the competition. 💰 https://lnkd.in/eDKME8Jt #EmployeeBenefits #Employers #WorkplaceEnvironment

Is creating and managing a flexible benefits program easy? No. It’s much more work, time, resources, communication, and cost. There’s a lot of complexity involved. But is it worth the effort? Absolutely. The admin headaches are worth it to keep our people happy and show them that we care about them and want them to have benefits that best work for them and their specific life situations. What more could employees ask for? #EmployeeBenefits #PersonalizedBenefits #BenefitsPackage #HRLeaders

Great new study highlighting the importance of employee benefits from Nayya partner MetLife. Data like this forms the foundation of how savvy employers and consultants build compelling, high ROI benefits plans.

How can better salary benefits help your company? 🚨   Last week I conducted a poll to see which benefits people found most attractive. Almost three quarters of respondents voted for 30 days plus annual leave with only 1% voting for the wellbeing platform.   How can this data help your company? 🤔 A wellbeing platform can cost an employer a lot of money and can be overlooked by employees who forget to use it and may never actually log on to the platform.   Now while a wellbeing platform is a nice plus to have, it's not what people look for when choosing to join a new company. The top two most attractive benefits would be extra annual leave for your employees to unwind and relax, as well as providing healthcare-related benefits. If you offered 30 days as an annual leave allowance and healthcare benefits, you would definitely attract more employees from your competition and be the preferred choice for candidates in the market. 

MetLife's latest Employee Benefits Trends Study highlights that when employers demonstrate care, employees are happier, healthier, and more engaged overall. Read on to learn more about what "demonstrating care" actually means to employees (benefits play a massive role!) ⬇️ https://lnkd.in/ePdAi-H6 #employeebenefits #workforcetrends

Did you know 55% of employers say DailyPay is among the top 3 benefits employees engage with? Check out the latest research from Arizent and Employee Benefits News highlighting the positive impact of DailyPay.

⚠️ The war for talent is real, and SMEs need to offer competitive employee benefits to attract and retain top talent. Here are some of the trends in Pacific Prime's article - Employee Benefits for Small Businesses in 2023: #GroupHealthInsurance #EmployeeBenefits #PacificPrime #SimplifyingEB https://lnkd.in/gU8Fgy4J