Employee Benefits…Invest in your People
Tuesday, August 21st, 2007Every year when I do reviews I take a look at what the benefits I provide to my employees cost. As you can imagine, sometimes when I see the figures I worry that my defibrillator may kick in. Over the last 5 years the cost of benefits has risen faster than any other category in the company.
I’m damn proud of that. What you say? Well, with a diverse work force (20-something’s to 50-something’s) they all need and want different employee benefits. As you can see from this survey, the type and cost of benefits vary across the country.
I’m really proud of the fact that in every one of the talked about categories (except Child Care) we pay for everything and we have a few extras that I don’t often see offered anywhere else.
For instance, we now offer a fitness consultant. An Exercise Physiologist/Personnel Trainer meets with all the staff members who wish to learn from her. They set goals, talk about nutrition, workout programs, smoking cessation and all manner of things that can affect your health.
The benefit to me is two-fold: the staff thinks it’s a great benefit and I get to help my staff maintain their health and physical wellbeing. And guess what? A healthy staff translates into a lot less sick time. And another surprise…its entirely voluntary and every one of my staff is taking advantage of it.
So, don’t be afraid to invest in your staff in ways other than salary and vacation time. My diverse staff loves the variety and uniqueness of our benefits program. And they like it even more since they don’t pay for it. Trust me, I get every dollar back in a happy, healthy staff.
