How Employers can Have Influence in Diet and Disease Prevention

Top No- or Low-Cost Employee Benefits

Offering employee benefits can be incredibly expensive for employers; however, there are popular little- to no-cost benefit options available. In order to remain competitive in the job market, employers should consider offering some of the following benefits.

  • Wellness programs – encourage physical and mental health, which can improve employees’ wellbeing and company culture.
  • Family-friendly policies – can take away some pressures for employees starting families. These policies can include parental leave, flexible childcare arrangements, or even adoption expense reimbursements.
  • Opportunities for professional development – can include online courses, workshops, conferences, and webinars. Employers who promote employee growth typically see higher loyalty levels in the workplace.
  • Employee recognition programs – improve individual and company morale. Many employees feel a higher level of job satisfaction when they feel valued, recognized, and appreciated for their contributions.
  • Employee assistance programs (EAPs) – provide confidential support to employees for numerous categories, such as personal life, work, finances, legal, childcare, and more.
  • Tax-free spending and savings accounts – include flexible spending accounts (FSAs) and health savings accounts (HSAs) and can provide employees with tax-free dollars to spend on eligible medical expenses.
  • Financial education workshops – provide helpful information regarding budgeting, financial planning, retirement, and more. Improving financial literacy can also improve employees’ mental health and sense of well-being.
  • Employee discount programs – appeal to employees’ interests and needs, offering perks and discounts for clothing, events, and other everyday purchases.
  • Summer benefits – can include summer hours (closing an hour or two early on Fridays) or allowing casual dress on Fridays. Both options offer a morale boost, flexibility, and a sense of trust.

In addition, more employers are offering flexible work arrangements and vacation policies to give employees more control and autonomy in the workplace. Offering a wider variety of workplace benefits doesn’t have to break employers’ budgets to increase employee attraction and retention.