As an employer, it's good to think about whether you want to move with the times. One concept we come across more and more is Flexibility, with a capital F! Employees expect more and more, and they take those extra benefits into account when they apply for a job. A good moment to take a closer look at flexible employment benefits. What are they, why should you offer them and how do you go about it?
What are flexible employment benefits?
Flexible employment benefits are a type of secondary employment benefit where employees can choose the ones they find relevant. So these benefits are not an obligation for the employer, but an addition.
Flexible benefits are often made possible by setting a fixed budget per employee (or a percentage of salary), and employees can choose where that monthly budget goes.
Why offer flexible employment benefits?
Freedom makes people happy, and that became even clearer to employees during and after the COVID-19 pandemic. Flexible employment benefits give employees more freedom, which often improves their overall satisfaction. By offering some optional extras, you can take away some of your employees' stress. The idea is that this pays off in return, because employees work harder and more efficiently and are sick less often. And there's definitely something to that. We call this a win-win situation.
TIP: offering flexible employment benefits is also valuable if you regularly need new employees. It helps you stand out in a positive way on the job market.
Examples of flexible employment benefits
Want to introduce flexible employment benefits as an employer? Then you might like some inspiration. Below are a few examples. Also think about which benefits fit your company's core values.
Flexible working hours: such as a start time between 7:00 and 9:00 a.m.
Time-for-time schemes: work overtime and take days off later.
Option for unpaid leave: for example, an extra vacation or a sabbatical.
Duvet day: to take a day off once without notice.
Home office: for example, to work from home 1 day a week.
Electric bike: to encourage employee health.
Company smartphone or laptop: that may also be used privately.
Gym membership or company fitness: fun and motivating.
Train pass upgrade: such as traveling first class.
Converting overtime into buying electronics: such as a smartphone.
Training budget: paid for by the employer.
TIP: some flexible employment benefits can also offer you tax advantages as an employer, so be sure to discuss this with an accountant. Examples include the electric bike or the training budget.
Workforce Management System
Whichever flexible employment benefits you choose, it's always important to document everything about staff and deployment properly. Especially if you offer flexible working hours! A Workforce Management System can help. It includes tools for budget management, time tracking, good staff scheduling and forecasting. That way, you can also save time and money to invest in those flexible employment benefits. Want to know what Workforce Management can offer you? Request a free demo of the Dyflexis Workforce Management System.
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