In today’s competitive job market, it can be hard to set yourself apart from the competition when recruiting and retaining top talent. Offering a competitive wage is no longer enough, and companies are increasingly looking to their benefit packages to set themselves apart. Employees want to feel valued and understood – and benefits can help.
That’s why the best employers know they need to craft a benefit package that meets the needs of their employees. Every employee deserves to make smart choices about their health and well-being. So, which benefits best support those goals? Let’s take a look.
Wellness benefits and Lifestyle Spending Accounts
Wellness plans are a type of health benefit that employers can build into compensation packages outside of what typical health plans offer. Lifestyle Spending Accounts can help support that and with the various offerings to choose from, you can customize them to your employees’ desires. They can be used for various goods and services, including athletic and camping equipment, entertainment, pet care, food and dining, continued education, and more.
Lifestyle Spending Accounts have a positive impact on both employees and employers. For employees, it is easy to participate in wellness programs and make smarter choices toward leading a healthier and happier lifestyle. For employers, it helps reduce healthcare costs and absenteeism while increasing employee productivity, morale, and loyalty.
Meal plans
The building blocks to a healthy lifestyle start with what we eat. In a fast-paced world, it’s easy to use the drive-through of your local fast-food restaurant. Not only is it fast, but it’s cheap. However, empowering employees to make healthier choices with tools such as meal allowances takes the guesswork out of “what to eat.”
Edenred’s Ticket Restaurant is a meal benefits program that gives employees a monthly meal allowance via a prepaid card. This benefits the employee in several ways; it eases the financial burden associated with lunch and makes employees feel empowered to make healthy choices.
Commuter benefits
Commuter benefits allow employees to use pre-tax dollars towards commuting costs like public transit, rideshares, and qualified parking expenses.
Offering a commuter benefits package can relieve the stress of commuting by eliminating the “rush hour” angst.
The whole package
COVID helped to reveal just how critical an employee’s health and sustained well-being are to their happiness, engagement, productivity, and success. Employers must consider how to keep their employees engaged in their healthcare long after the pandemic ends. Therefore, many leadership teams have started reimagining how they feel about benefits.
How Edenred can help
Today’s benefit packages are more than just health insurance. Employees want benefits that are tailored to their lifestyle and empower them to be healthy, productive people – both at work and out of work.
Schedule a meeting today to ensure you’re offering the most comprehensive package to support your employees.
