Tech companies are synonymous for offering amazing employee benefits that are best-in-class and attract highly-qualified talent. To speed up your hiring time, offer top-of-the line benefits that will not only give you a competitive advantage, but also enable you to hire and retain talented employees.

Here are some of best employee benefits being offered by tech companies and start ups around the world:

Telecommuting

A recent survey shows that employees prefer the ability to work from home as opposed to a raise in salaries.

Negotiating a work-home deal offers your employees more control over how they work and from where. Big-budget companies find it easy to provide a plethora of financial perks but if you have budget constraints, offering the option to work from home a few days a week will give you an edge over many other companies and help recruit top talent.

The remote-work culture is quickly taking roots in industries across the world. Tech companies are capitalizing on the opportunity to reduce costs related to maintaining physical offices and turning to tools such as Slack and GoToMeeting to communicate with their workforce.

Paid Time Off

PTO is one the best ways to offer your employees paid leaves and boost productivity. While it’s essential to maintain paid leaves, a company must also encourage their employees to utilize the complete leaves every year and not ditch the perk in favor of compensatory pay or additional leaves the next year.

It is also important to note that during the time taken off, employees should not be expected to stay in touch with the company for work-related tasks; this includes responding to emails or taking calls while on holiday.

Creating a work-life balance is the right of every employee and tech companies seem to understand that well.

Caregiver Leave

Recent research shows that when employees have to take off time off work for care-giving needs such as caring for a sick child, ailing spouse or elderly parents, their career suffers greatly.  Tech companies are understanding this critical need and offering caregiver leaves to employees in need. It is common for employees at any stage in their career to have to take such leaves to care for their families, especially working mothers.

Textio, a language analytics startup analyzed thousands of job descriptions to find out which benefits lead to faster hiring times. They found that companies offering ‘caregiver leaves’ in their benefits package managed to fill jobs 23.5 days faster than employers who didn’t.

 

When it comes to hiring and retention, companies who offer monetary as well as non-monetary perks that employees actually need see the best results. We at JS Benefits Group pride ourselves for designing effective employee benefits programs that are demanded by today’s workforce.

We provide customized employee benefits and wellness programs for hundreds of businesses.