Whatever industry you are in, motivating your employees is essential to running a successful business. That’s why it’s critical to strengthen your company’s incentives, be it monetary or otherwise, to show appreciation for the hard work of your employees.
Studies have shown that employees who feel motivated at work and receive verbal compliments or incentives tend to stay on the job longer. On the backbone of the Great Resignation, with more employees considering a big career move, it’s more important than ever to consider employee morale, work culture and everyday happiness.
Here are five non-financial employee benefits that make all the difference.
1. No meeting Wednesday
Meetings are an integral part of business operations and are becoming a part of almost everyone’s day-to-day work. Unfortunately, there are days when back-to-back meetings, in person or virtual, make it nearly impossible to have the time to do personal work.
Join No-Meeting Wednesdays (NMW): An incentive where every team member can’t schedule meetings one day a week unless absolutely necessary for the survival of the company (we’re talking big fires here, not tiny problems ).
Not sure if it’s for you? Take, for example, companies like Asana that have adopted NMW and claim that it has increased overall productivity.
2. A video out zoom policy
Since the Covid-19 pandemic, calling via Zoom has become the new normal. In a recent LinkedIn survey, nearly 90 percent of respondents said they should leave their cameras on during team meetings.
In an effort to combat Zoom fatigue, some companies have policies for video-off meetings, especially for internal purposes.
By creating this video conferencing policy, employees feel less stressed and are more focused on the actual meeting agenda.
3. Holiday on your birthday
Does anyone actually get work done on their birthday? That’s what we thought. Giving employees a day off to celebrate is an excellent incentive as it allows your team to truly enjoy their special day and shows that the company values their personal lives.
Whether it’s part of your employee vacation package or flexible days off, letting your employees enjoy their birthday without worrying about missed emails or meetings is a great alternative to the classic office party (so long, birthday cake).
4. Pet Friendly Office
Pet owners know that finding care can be challenging — and often expensive. According to Time magazineemployees are now actively seeking more hybrid or remote opportunities to spend more time with their pets.
That’s why some employers are introducing a pet-friendly office incentive that allows their employees to bring their furry friends to work. Taking your pet to work has many benefits, such as creating dopamine for the owner and other employees.
Remember to make sure this policy is appropriate for your entire team. Check with your employees whether they are allergic to cats or dogs and make alternative arrangements in that case.
Where possible, creating a welcoming environment for all your employees can help reduce stress and promote a healthy work-life balance for families.
5. Volunteering (VTO)
Given the state of affairs in the world right now, giving back in a meaningful way is vital.
A recent study completed by Cone Communications showed that 75 percent of millennials surveyed said they were willing to make a pay cut to work for a more socially responsible company.
Voluntary Leave (VTO) gives employees the flexibility to volunteer during work hours without missing out on pay, which has become increasingly popular among Millennials and Generation Z.