FAMILY-FOCUSED EMPLOYEE BENEFITS
Employee satisfaction is an important part for retaining your employees. Unless you can create happiness at your workplace, you will likely not get the desired results for your company. One area for employee retention includes the benefits a company provides for its employees and organizations may need to provide a multitude of benefits. Keeping your employees happy means that they will likely give their best for the growth of the organization. Along all other benefits, family-focused employee benefits plays a major part.
HOW DO WE DEFINE FAMILY-FOCUSED BENEFITS?
Family-focused benefits are those privileges and benefits given to the employees in order to, among things, provide a valuable place to work. It includes benefits that surrounds around one’s family like parental leave benefits, health initiatives, elder care benefits, child care, leave for family, counseling, marriage ceremony, education, flexible work hours, etc.
WHY IS IT NECESSARY TO HAVE FAMILY-FOCUSED BENEFITS
Employees today do not only work for their salary. In other words, salary alone is no longer the only thing that can trigger motivation for the employees . However, the things that can motivate your employees include employee benefits in the workplace. Non-monetary benefits provided by a company forms an integral part of employee satisfaction, but it is surely not the only thing. This is something that the company provides to their employees along with their salaries. The only motive behind it is to gain their contribution for achieving the goal of the company. How much are the family-focused benefits impacting their work can be easily understood by analyzing the rate of retention and loyalty of the employees for a company. It also helps in building up a positive company-employee relationship.
IS IT IMPORTANT FOR THE SURVIVAL OF AN ORGANIZATION TO HAVE FAMILY-FOCUSED BENEFITS?
Yes, it is very important for the survival of an organization, especially in today’s world of competition. Companies are on the verge of giving out such benefits just for retaining their employees. The family friendly benefits cover several policies and programs which are designed by the company for helping the employees in addressing all the demands of workplace and family at a time. It includes benefits such as flexible working hours, telecommuting, part-time job, elder and child care benefits and many more. Many people think that the family friendly benefits are meant only for the women, but that is not the case. They are meant for men and women both.