Non-Monetary Benefits to Offer in Your Workplace

25/02/2022

There are numerous non-monetary benefits an employer can offer to help attract good quality employees. In the ever-competitive marketplace, employers are looking for different ways in which they can attract and retain good employees. Everyone wants to work in a great place and the attractiveness of working in such improves the quality of employees that you get. The list below are some non-monetary benefits that you could look into offering.

Food and Drink

Feeding your employees as a non-monetary benefit can be a great way to build employee morale, while also providing a productivity boost. However, not everyone is going to be interested in the same type of food and drinks served at your company cafeteria. There are many options available, and with the right planning, you can find the right solution for your workplace culture. Here are some ways to utilize food and drink as a non-monetary benefit to offer in your workplace:

Be creative. It's important to offer a wide variety of food and beverages in order to appeal to all of your employees' tastes. Try hiring a professional to help you figure out the best choices for what you need.

For example, if you want healthy options on hand for midday snacking, then make an appointment with a nutritionist who can suggest things like yogurt parfaits or chopped fruit salad. If you want options for those who enjoy a glass of wine with dinner, then talk to someone about the benefits of adding cheese boards or offering wines from local wineries.

Or you can simply offer food tickets and your employers will eat wherever they see fit.

Schedule Flexibility

No one wants to work for a company that doesn't offer good benefits. A big part of any benefits package, however, is flexibility in scheduling. Employees want different things from their schedules. Some want more freedom at one point in their lives or careers and less freedom in another. Some want full-time jobs but need part-time schedules; others need the opposite.

Trying to keep everyone happy can be difficult, but it's important to do your best. While it's not possible to offer every type of schedule employees might need, being aware of what they might be looking for and offering some options means keeping them happy and productive at work.

Here are some ideas that your employer might find helpful in offering a more flexible work schedule:

Flex days – This is when employees are allowed to choose their schedule on a day-to-day basis. Their schedules vary every week and they won't know what their schedule will be until 5 or 6 pm on any given day. It not only allows people to come in whenever they want, but it also allows them to leave whenever they want. This is a popular system that works well with the current times.
Flex weeks – Flex weeks allow employees to choose their days off from Monday through Friday. They may choose which two days they want off in advance, but they won't know which day off they'll have until the weekend comes along.
Flex hours – This is something some companies already offer, where an employee can choose his own working hours.

Learning Opportunities

Learning opportunities are an often overlooked benefit to offer employees for a variety of reasons. The costs associated with providing training can seem too high and the benefits may not be as tangible as salary and compensation. However, there are several reasons learning opportunities should be included in your benefits package.

What is a learning opportunity?
A learning opportunity is any activity that enhances an employee's skills, knowledge or professional development. They include, but are not limited to:
Education or training courses
Professional development seminars
Online resources (i.e., websites, blogs, books and other media)

Learning opportunities are a win-win situation because they both help employees grow personally and professionally while reducing turnover rates and increasing morale. Employees who feel valued within their organization are more likely to stay engaged in the long run.

Creating an environment where employees feel like they're growing professionally and continue to learn is essential to creating a culture of engagement and innovation. Here are some tips on how you can start offering learning opportunities at your company:

Define what you want to accomplish with learning opportunities. Are you looking to reduce employee turnover or increase productivity? If so, first determine what goals you want to achieve before developing learning opportunities for your employees. Then, set aside time each quarter for assessing progress towards meeting

Culture

The fact that culture is now seen as a benefit to offer in your workplace means that it has become an important part of the conversation in recruiting, and a way to set your company apart from others.

Tapping into the emotional connection that people have with their work and employees helps you show why working at your organization makes them happier, and why they would be proud to work for your company. It shows that you understand what's important to them, and that you are willing to invest time, energy and money into creating those experiences for them.

Gym memberships

We live in an era of health. It is a good thing that more and more people are concerned about their health and shape. This is why you see various services popping up all over the place, including fitness centers, gyms and such.

Know the benefits of Gym Subscriptions for your Company! If you have employees or you work in a company that has a lot of staff members, then it is essential to have a gym subscription as non-monetary benefits to offer in your workplace. Here are some of the benefits that you can get out of this option:
It provides better health for your employees – One of the things that every employee needs to do is be healthy. When they are healthy, they will be able to perform their tasks better and they can also help your company become more productive. Thus, if you want your employees to work better, then provide them with health benefits like this one so they can get into shape.
It helps them de-stress after work – Having a tough day at work sometimes means that we just want to relax when we go home. Many people relax with different activities like watching TV or playing games online. The problem with those activities is that they don't really help us get away from the stress and pressure.

And lastly, it just shows how much a company cares about its own employees.

Conclusion

Non-monetary benefits are likely to be more meaningful to your employees and job candidates than additional pay. The key is making sure that both parties agree on the value of the offer and that they mutually decide which benefits apply—and in which situations.

I recommend looking at several factors when deciding what non-monetary benefits you’re going to offer at your company and how you’re going to use them. There’s no right or wrong, but it’s important not to take these benefits lightly or to present them in a confusing way. Make sure that everyone understands how they work, what they mean, and what they can do for your team as a whole.