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Workplace Benefits that Boost the Performance of Employees

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Health is truly wealth, especially when it comes to the workplace. An article by HRD, emphasizes that a workplace that can provide the physical, physiological, and social conditions needed for optimal health can get better productivity from their workers. If their needs are not met, then it can have dire consequences for the company.

According to the magazine, “84% of employees reported at least one workplace factor that negatively impacted their mental health, with 50% claiming to leave their jobs for their mental health in 2021”. On the other hand, employees become more productive and will work harder to contribute to the company’s goals if they feel their company is invested in their well-being and considers their personal needs.

So, if your employees need a bit of a push to boost their performance, consider providing workplace benefits that can address their physical, psychological, and social needs. To start, here are some workplace benefits that can create a healthy workplace and boost the performance of your employees.

On Spot Awards

On spot awards play a vital role in improving the performance of your employees. Your employees are critical to the success of your business. On spot award programs, along with incentive-based rewards, are utilized to incentivize and motivate your team to perform at their best, resulting in increased productivity, job satisfaction, and overall success for your company. These programs foster a culture of collaboration, innovation, and accountability, ensuring that you and your team members feel supported and empowered.

By investing in the well-being and professional development of your employees, you'll not only see a boost in productivity but also a stronger, more cohesive team that's ready to tackle any challenge.

Compressed Work Weeks

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More employees are now seeking better work-life benefits to spend more time with their loved ones. Many professionals also want more time off to improve their work-life balance. As such, employers are helping their staff achieve work-life balance and better well-being by providing shorter work weeks, as well as more extended weekends, and the option to work from home.

Many companies are already implementing a four-day work week because employees are able to increase their productivity despite the shorter work days. Researchers at the University of Cambridge, Boston College, found in a survey on the four-day work week that 71% of respondents reported lower levels of burnout, 39% said they were less stressed than when they began the test, and companies experienced 65% fewer sick and personal days.

Mental Health Benefits

A study on workplace stress and productivity highlighted that employer efforts to decrease stress in the workplace can boost the productivity levels of employees. The study also showed that the relationships between supervisors and employees can largely affect employees' stress levels and their performance.

So if you want to improve the productivity of your employees, consider providing wellness benefits that can reduce their stress levels, such as yoga classes, more paid time off, or even traditional therapy services. It’s also crucial to provide mental health first aid classes and awareness campaigns to improve the relationships between supervisors and employees in high-stress work settings.

Frequent Recognition

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Frequent Recognition understands the importance of a happy and engaged workforce in achieving business success. The aim of an engaged workforce is to fuel a sense of motivation within employees, encouraging them to perform at their best.

Recognition and appreciation programs are tailored to your specific business needs, encouraging your employees to consistently deliver their best work. This results in increased productivity, job satisfaction, and overall success for your company. With frequent recognition, you can easily and affordably implement workplace benefits that make a real difference in the performance of your employees.

Outplacement Services

Aside from tight deadlines and challenging projects, company layoffs can also cause stress among your employees. These layoffs are often unavoidable for many companies, so you’ll have to look for ways to put your former and current employees at ease. You can reduce the stress of your workers and help them maintain their performance by providing outplacement services that can guide them through a career transition.

Outplacement services provide your employees with upskilling opportunities and reduce their time to placement by up to 65% if they are laid off. These services can help your current employees feel a sense of security, which will help them maintain their work performance in spite of layoffs. It also shows that you have a strong company culture which will appeal to future job seekers.

Tuition Assistance

A common trend is that employees who want to pursue higher studies will end up resigning from their job. However, more companies are starting to provide tuition assistance and continued education opportunities because it can reduce the financial stress of employees.

In fact, big companies like Starbucks and Chipotle are already providing tuition assistance benefits to boost the efficiency and retention of their workers. For example, Starbucks operates an online college program through Arizona State University and has stated that 22,000 workers are currently enrolled in its program.

While the size of the company will determine the type of assistance you can provide, if your business can also reduce your employees' financial stress by providing similar tuition assistance benefits, there will be an increased likelihood of long-term retention among your employees. The performance of your employees is heavily influenced by their mental and physical health. Through the right workplace benefits, you can improve their overall well-being and boost their productivity.

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