Best Employee Perks for Employee Satisfaction
Employee satisfaction is not solely about the paycheck anymore. In today's competitive job market, top-notch talent seeks more than just a salary. They are looking for a holistic work experience that encompasses not only financial rewards but also a range of valuable perks and benefits. Among these perks, group health insurance stands tall, but it's not the only perk that can significantly enhance employee satisfaction.
Whom do you want to insure?
- Customized & affordable plans
- 24/7 claim support
- Complete wellness benefits
Let's explore the 15 best employee perks that contribute to a contented and motivated workforce, with a special focus on the benefits that come with a group health insurance plan.
- Group Health Insurance: Starting with the cornerstone, a group health insurance plan also known as employer-employee insurance ensures employees have access to essential healthcare services and coverage for medical expenses, promoting their physical well-being.
- Professional Development Opportunities: Supporting skill growth through workshops, courses, and conferences empowers employees to advance in their careers, boosting job satisfaction.
- Mental Health Resources: Employee assistance programs and mental health support demonstrate a commitment to their well-being, addressing the importance of mental health.
- Financial Wellness Programs: Helping employees with financial planning, budgeting, and retirement savings can reduce financial stress and improve their overall satisfaction.
- Employee Recognition Programs: Acknowledging and rewarding achievements boosts morale, motivation, and job satisfaction.
- Wellness Initiatives: Health challenges, meditation sessions, or on-site wellness activities promote a healthy lifestyle among employees.
- Workplace Socializing: Building relationships at work is essential. Encourage your team to socialize outside the office, which can be achieved through office parties. These gatherings help new team members feel welcome and offer stress relief for everyone.
-
Critical Job Factor
According to a report by Society for Human Resource Management (SHRM), 60% of employees consider health insurance essential when choosing a job.
-
Boost Productivity
According to World Health organisation (WHO), poor health can cause a 20-25% drop in productivity.
-
Tax Benefits
Employer-paid health insurance premiums are tax-deductible under Section 80D .Not offering this can mean missing out on tax savings.
-
Regulatory Compliance
The Indian government has introduced regulations like Social Security Code, 2020 the which mandates health insurance for certain sectors. Non-compliance can lead to penalties.
Ensure you're covering all bases with group health insurance to attract top talent, improve productivity, and stay compliant!
Conclusion
These employee perks, along with the valuable inclusion of group health insurance, create a positive work environment where employees feel valued and motivated. By offering a comprehensive package of perks, you not only attract top talent but also retain your valuable workforce, fostering a culture of employee satisfaction and success.
Group Health Insurance Premium Calculator
Who do you want to insure?
- Employees
- Employees & their family
Minimum lives should be 7
Include maternity coverage
Wellness At Work
Benefits of group health insurance
insurance coverage. Be assured, all your questions
will be answered
Disclaimers+
