Employers today are always looking for ways to add to the benefits pot to attract more talent over a period of time. In their quest for change and appreciation, employers want to fill the pot with benefits employees most prefer and can be covered within the budget they have.
However, over the passage of time, employers fail to realize the needs of employees and end up giving benefits that aren’t a true indication of what employees would like. In this article we look at some employee benefits offered by organizations, but which aren’t well received by most employees today. A list of common perks that don’t help your employees can actually give you the direction you need to better your benefits plan.
Health Benefits That Aren’t Needed
When it comes to healthcare benefits, employees are indifferent to many of the healthcare plans offered to them by employers. Such healthcare benefits fail to meet their defined purpose, and are unable to impress employees in a manner that organizations would prefer or like. Employees are generally indifferent toward the following costly offerings:
- 60 percent of all companies today provide vision coverage to employees, but only 16 percent of all workers actually prefer vision coverage.
- 53 percent of all businesses offer life insurance plans, but only 13 percent of workers are interested in them.
- 58 percent of all companies offer disability coverage for both, long-term and short-term needs, however, only 10 percent of the staff is interested.
If organizations do plan to incorporate these health benefits, they should duly communicate their importance to employees and ensure optimal delivery.
Employee of the Month Programs
An employee of the month program is implemented to motivate and reward employees in a positive manner. However, these programs can take an ugly twist early on, as they can lead to negative competition and are also viewed as popularity contests by many members. Not many members of the team look at these contests for their potential to reward high performing employees.
Convenient Time Off
Employees deserve paid time off, but this should be provided when it is convenient for them and not only convenient for the company. Oftentimes, employees get paid time off only when it is convenient for the employer to deal with the unavailability of the employee at the workplace. Usually, employees are made to do work through the holiday season and are allowed paid time off when the season is over, and they don’t need a holiday anymore.
We at JS Benefits Group have worked with numerous clients to discuss the steps they can follow to improve their benefits plan in the workplace. You can get in touch with JS Benefits Group immediately to discuss and devise a plan.
