Make the Most of These Work Perks
29th May, 2020
Netflix Shutterstock
Certain perks and privileges make your life a lot easier and enjoyable. If you don’t know what they are, check out the list we have curated just for you. There is more to your job than just punching in at nine and out at five and leading a monotonous lifestyle. To motivate employees and in an effort to build a healthy workspace, employers offer a few additional perks. Some are standard practices, others might be exclusive, and then there are some that are pleasantly surprising. These perks are your rights, and most importantly, it’s the employer’s way of telling you that you are more than just another paid associate in the organization. Check out some of these perks that you should advantage of:
Stay insured with the company www.pexels.com
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Stay insured with the company
Health insurance can be expensive to purchase, which is why your employer provides these benefits to you. It’s one of the most affordable ways of getting your health care benefits when compared to private vendors. Another reason why you should enjoy this work perk is that your loved ones can be covered under this insurance as well. The good news is that about 81% of companies provide comprehensive health insurance.
Take a paid vacation Shutterstock
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Take a paid vacation
Being consistent at your job is important, but it goes without saying that the monotony of your routine can end up burning you out. Take advantage of your paid leave for a much needed “me time.” Most companies offer this benefit for up to three weeks or more for their tenured employees. New hires also get this benefit but with less personal time off (PTO) in comparison to the tenures.
Take care of those pearly whites www.pexels.com
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Take care of those pearly whites
Most Medicare and supplemental plans don’t cover your dental costs. The market being what it is today, dental insurance can be expensive to pay for from your salary. But what most employees don’t realize is that their employer is more than willing to pay for their dental visits. In fact, it is the third most common benefit offered by almost 71% of the organizations.
For your eyes only www.freepik.com
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For your eyes only
You may not know this but some employers are also willing to pay for the cost of annual eye exams, eye care essentials, and more. If your terms of the contract include vision insurance, most of the expenses that you incur for eye care are covered under the deal. A slightly lesser percentage of companies offer this benefit, but nevertheless, it’s a perk that you should make use of.
No timetables, please www.freepik.com
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No timetables, please
As long as you get the work done, time shouldn’t be a problem. There is more to life than just operating on a fixed time table. Modern-day employers understand the pressing need for flexible work schedules. This flexibility allows the staff to maintain a proper work-life balance to manage responsibilities and generally improve their quality of life. After all, that’s what everyone works to improve!
Work from wherever you can unsplash.com
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Work from wherever you can
Telecommuting is the latest rage, especially among major corporations in the service sector. In fact, if you can get work done from home just as efficiently, this perk can help balance your work-life priorities even better. For example, many companies allow employees to enjoy telecommuting Fridays. This means you can WFH on Fridays. Employers also let you choose other days that work better for you if not Fridays.
The joy of parenthood www.pexels.com
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The joy of parenthood
To-be-moms and dads rejoice! Once the baby comes home, you get to take fully-paid maternity and paternity leaves. And this is a perk that you must absolutely take advantage of so that you can attend to your newborn baby. In fact, employers who offer generous parental leaves actually want to ensure that they spend enough time at home as well.
Discounts that you cannot get everywhere www.pexels.com
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Discounts that you cannot get everywhere
Employee discounts have a twofold purpose: you get to buy stuff at a cheaper price and the companies get a chance to review your experience. It’s a win-win for both! Companies that are in the production business often hand out new products to beta test. Your valuable feedback is taken into consideration and you get to be a part of the process. Apple, Samsung, and Google follow this practice.
It’s on the house www.pexels.com
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It’s on the house
Perks need not have to be monetary benefits all the time. Companies also take care of the little things that help get their employees through the day. Free snacks and beverages are nothing short of an incentive, especially when you put in long hours of work. And don’t forget that life-saving coffee machine and the joy of drinking freshly brewed coffee. After all, we all simply love the free stuff.
Time for a good cause unsplash.com
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Time for a good cause
Volunteer time off (VTO) is another perk that many organizations offer nowadays. Employees who are willing to do some volunteer work can take this short leave to devote their time and efforts to a noble cause that they wish to support. The benefit of taking volunteer time off is that you don’t have to tap into your paid leaves at all.
A rewarding gesture www.pexels.com
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A rewarding gesture
Simply saying thank you for a job well done is not going to cut it in this day and age. Employees want and deserve appreciation, something more than just a thank you card. What could be better than your company providing perks for your personal wellbeing? Corporate work life can be hectic, so rewarding the people with a paid spa day or an outing will certainly boost their morale.
Wellness initiatives unsplash.com
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Wellness initiatives
The employer’s responsibility does not stop at providing the best insurance plans. There is always an increased risk of employees experiencing health and mental issues owing to a hectic lifestyle. The employers must also initiate certain wellness activities and organize programs that encourage people to talk about their issues. These initiatives show the employees that their employer is interested in their holistic development.
A cherry on top of the cake www.pexels.com
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A cherry on top of the cake
Employee bonuses are a great way of saying you are doing a good job. This is especially true when you get a generous amount above and beyond your pay grade. Performance bonuses are a great incentive program and no doubt, one of the better ways to retain employees. So, the next time you bring in a big client, be sure to rightfully expect a check with your name on it.
Paid leaves for your wellbeing www.pexels.com
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Paid leaves for your wellbeing
Now, don’t confuse your PTO or VTO with these leaves. A paid sick leave allows employees to take a couple of days off to take good care of their health. It is not just limited to physical sickness. You have the right to take some time off for your mental health as well and tackle issues that may be disrupting your peace of mind.
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Planning for retirement
Paycheck and bonus apart, most corporate entities also offer plans for retirement to take care of your needs later on in life. This includes a provision for your 401(k), any pension plans, and retirement benefits that you can pay for during your active employment years. It is one of the crucial perks that you should take advantage of so that you have enough saved up for retirement.
Employee development privileges www.pexels.com
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Employee development privileges
Just as you invest your time and efforts to grow in the organization, it is also your employers’ duty to provide you these opportunities. So, the next time you come across a development program aimed to help employees grow, do sign up for it. These programs will help you and your boss identify long-term goals. It is also a crucial exercise to help retain as many people as possible.
Reimbursement for education www.pexels.com
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Reimbursement for education
There are several employers who offer a cost-effective basis of paying for education if the opportunity presents itself while you are employed. Tuition reimbursement can be used for further education and learning opportunities without obsessing about the burden of repaying the debt. Judging by how expensive education is to pay for today, make use of this perk if you want to study further.
Office workout facilities www.pexels.com
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Office workout facilities
Even a nine to five to five job can take a toll on your physical and mental wellbeing, which is why it is necessary for you to take some time out to exercise and stay active. An office gym saves you the trouble of traveling back and forth just to get in thirty minutes of workout outside of work. It is a perk that saves you both time and money.
Equity and stock options www.pexels.com
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Equity and stock options
This is where the distinction is made between good companies and great companies. Places that offer performance bonuses, equity, and stock options provide you with a sense of ownership. When working for companies that reward you in such a generous manner, you tend to put your heart and soul into any given task. It also serves the purpose of creating a strong bond between the employers and the employees.
Childcare privileges www.pexels.com
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Childcare privileges
Above the maternity and paternity privileges, there are companies that provide childcare facilities. In fact, in some places, the perk is a non-negotiable term when both parents are working. No doubt, these facilities are more cost-effective than paying for a full-time care provider who these days, quote exorbitant prices. So, it is always a good idea to make use of this perk.
Assistance for commuting www.pexels.com
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Assistance for commuting
When you stay far and have to switch between several modes of transport, companies offering commuter assistance are the ones to work for now. This perk is a serious blessing. Corporates offer fare cards, train passes, tokens, and other forms of monetary assistance to help pay for the unavoidable cost of travel. Companies also partner with commuter services like Lyft and Uber pool to offer affordable travel to their employees.
Hiring diversity www.pexels.com
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Hiring diversity
Hiring processes for companies have changed rapidly for the past few years. With the urban corporate culture that already has people with unique skill sets, a diversity program may not be needed. Be that as it may, using a diversified strategy to bring the best of the best does negate the assumption that employers are looking for their replicas to follow suit.
Severance package and sign-on bonus www.pexels.com
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Severance package and sign-on bonus
When you land a big job but the offer on the table does not match up to your expectations, ask the company to offer a signing-on bonus. The bonus covers the gap between your asking salary and the expected salary up until your appraisals. Also, it is always a good idea to ask for a severance package from the company in case there are mass layoffs due to unforeseen circumstances.
Stipend for meals and indulgences www.pexels.com
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Stipend for meals and indulgences
Corporates always have tie-ups with third-party vendors or local eateries and provide their employees with subsidized offers. It is a perk that is mostly offered to employees who contribute a great deal to the business and this is the employer’s way of thanking them for a job well done. Make use of these stipends and exclusive deals, especially when they are on the house.
Assistance for student loans www.pexels.com
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Assistance for student loans
Student loans can be tough to pay off, especially when the interest rates are high given the uncertain economic conditions. It can be a big burden when you have just started making decent money and have to take care of your family’s needs. To help pay these debts off, corporates offer exclusive student loan assistance. The best way to strike this deal is to ask them before you join the company.
Corporate training perks www.freepik.com
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Corporate training perks
To grow in the organization, you must be able to learn or develop your skills. It is not merely enough that you work hard but do nothing to improve the quality of work. So, explore and check out the training, learning, and development opportunities that the company has to offer. One big advantage that you have is, once you’re through with these training sessions, they add value to your resume.
Pet-friendly offices www.pexels.com
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Pet-friendly offices
Think about all the times you were having a bad day and all you wanted to do was go home and cuddle with your furry friend. The good news is that there are many offices that do have pet-friendly zones and are more than happy to accommodate your pet children. What’s more! A few companies also have their own pet office.
Insurance coverage for those with disabilities www.freepik.com
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Insurance coverage for those with disabilities
Working at high-risk production zones increases the chances of accidents that may result in an unfortunate situation rendering a person unable to work. In such cases, it is the responsibility of the employer to provide comprehensive insurance for a disability that assures the employee of their support. It is a special perk that can be also made use of in regular workplaces if the by-laws permit it.
Permits for transit and parking www.freepik.com
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Permits for transit and parking
Employees who rely on different modes of public transport to make it to work can benefit from special transit permits that corporates offer as a perk. The employer can provide mass transit passes for the staff and issue free parking permits for those who have their own vehicle. This way, the cost of transportation is more or less paid for by the employer.
Concierge services www.freepik.com
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Concierge services
Don’t be surprised if mega conglomerates offer concierge or kiosk services to run errands for you. It is most certainly an exclusive and already paid for perk that you can make the most off. These services take care of your needs, whatever they may be, to make your job easy. If your company has this service, your life is sorted!