26/09/2021

3 Reasons Why Wellbeing Perks Are More Valuable Now Than Ever Before

employee satisfaction

Any successful entrepreneur has to rely on their staff to help them execute their business and propel it to success.

To do this, it’s important to keep your employees happy and satisfied—this can usually be achieved by the wellbeing perks that you offer them.

In modern businesses, there’s much more of a focus on a healthy work-life balance and improving the wellness of employees. No longer do employees want to spend all of their time at the office, or deal with common work stresses.

Because of this, we’ve seen much more importance placed on the perks that a company can offer. It’s now one of the most common things that people look for when searching for jobs.

What are some examples of wellness perks?

Here’s a short list of some of the most popular wellness perks you can offer the employees in your business.

Most of these perks don’t have to cost you, or your business, a lot of money—in fact, some cost nothing at all. Even though they may be affordable to implement, 80% of employees would actually prefer these perks over a pay raise.

  • Free lunch and healthy snacks
  • Longer lunch breaks
  • On-site yoga and exercise classes
  • Flexible working hours
  • Alternative travel schemes e.g. bike sharing
  • Employee mental health support services
  • Remote working

Why are wellbeing perks so valuable?

  1. Keeps employees productive

Studies have even shown that 85% of workplaces that offer wellbeing perks and healthier working practices for employees see a significant increase in productivity.

Offering wellness perks that focus on improving the mental health of your employee’s will also help them to reduce their stress, and also reduces the chance of them experiencing burnout which can severely affect their day-to-day work

  1. Decreases labor turnover

If employees are happy in their job, they are less likely to leave. This is good for entrepreneurs and smaller businesses as the cost of replacing an employee can be very high, in terms of both time and money.

Especially in the early stages of your business, the people around you will be increasingly important and have a very in-depth knowledge of your company, so it’s important to keep them around if you can.

  1. Employees feel more satisfied and valued in their job

If you take the time to offer perks to your employees, they will feel much more valued and satisfied in their work.

Happy employees are good employees!

When your employees feel satisfied, they will also feel more motivated to continue working hard and helping you create a successful business.

Written by
Scott Dylan
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Scott Dylan

I’m Scott Dylan, Fresh Thinking Group Founder and Partner. I oversee the strategic direction of the company, which I created to help, acquire and invest in both distressed and viable companies together with helping businesses improve their business processes and setting strategic directions.