Health insurance usually gets all the attention when we talk about employee benefits. However, while it is essential, health insurance is just one aspect that can help employers improve employee well-being.
As the workforce becomes more diverse and the line between work and personal life blurs, employees are attracted by benefits that reflect their varied lifestyles and needs.
Offering supplementary perks to employees is key to creating a positive work atmosphere and increasing employee satisfaction. These perks show that businesses value their employees beyond the limited scope of their jobs.
In addition, offering extra perks can help businesses attract and retain better talent, as job seekers are gradually looking for companies that offer them a well-rounded package of benefits.
Employers are more conscious of the importance of supplementary benefits that go beyond the scope of health insurance to support their employees’ overall health and happiness. Let’s explore some of these supplementary benefits and how they can impact employees’ lives.
Common Supplementary Benefits
Mental Health Support:
Mental health is a key part of overall well-being. Offering access to counseling services, mental health hotlines, or digital mental health platforms can provide employees with the support they need to cope with stress, anxiety, and other mental health challenges.
Flexible Work Arrangements:
Flexibility in work hours or the option for remote working can help employees keep a better work-life balance. This flexibility can reduce stress, improve job satisfaction, and enhance well-being.
Wellness Programs:
Wellness programs that support physical activity, healthy eating, and help in managing stress can encourage employees to adopt healthier lifestyles. These programs can include fitness challenges, nutrition workshops, and mindfulness sessions.
Financial Wellness Programs:
Financial stress can affect an employees’ well-being. Offering financial planning services, budgeting workshops, or access to low-interest loans can help employees manage their finances more effectively and reduce financial stress.
Legal Assistance Programs
Legal assistance programs are another supplemental benefit that is gaining traction. These programs offer discounted legal advice and services covering estate planning, family law, and real estate transactions. This benefit can save employees time and money and provide valuable guidance during critical life events.
Parental Leave and Childcare Support:
Balancing work and family duties can be challenging at times. Generous parental leave policies and childcare support can help employees manage their family commitments while reducing stress and improving well-being.
Professional Development Opportunities:
Providing employees with opportunities for career advancement, skill development, and continuous learning can increase job satisfaction and overall well-being. Employees who feel challenged and engaged in their work are likelier to be happy and fulfilled.
Employee Assistance Programs (EAPs):
EAPs provide confidential therapy and support services to employees facing personal or work-related challenges. These programs can help employees manage stress, improve their mental health, and enhance their physical well-being.
Volunteer and Community Engagement Programs:
Encouraging employees to participate in volunteer activities or community engagement programs can enhance their sense of purpose and well-being. Giving back to the community can be a very gratifying feeling and can contribute to employees’ happiness.
Administering Supplemental Benefits
Administration of these diverse benefits can be complex. However, technological advancements are making it easier for companies to offer and manage these benefits. Digital platforms enable employers to provide their employees with a seamless and user-friendly experience, from selecting benefits to accessing services.
In conclusion, while health insurance is a crucial part of any employee benefits package, supplementary benefits can significantly enhance employee well-being. By offering a range of benefits that support employees’ mental, physical, and financial health, employers can create a more rounded approach to employee well-being that fosters a happier, healthier, and more engaged workforce.
Sadia Zaheer holds a Masters in Business Administration from IBA, Karachi. After working in several financial institutions in Client Management, Corporate Lending, Islamic Banking and Product Management she jumped careers to pursue a career in writing.
She is a Finance, Business and HR Development writer with four years of experience. She reads a lot and takes care of her multiple cats to remain calm.
