{"id":2465,"date":"2021-09-17T14:37:37","date_gmt":"2021-09-17T06:37:37","guid":{"rendered":"https:\/\/www.pacificprime.co.uk\/blog\/?p=2465"},"modified":"2021-09-17T14:37:37","modified_gmt":"2021-09-17T06:37:37","slug":"3-ways-to-make-the-most-out-of-your-employee-benefits-program","status":"publish","type":"post","link":"https:\/\/www.pacificprime.co.uk\/blog\/3-ways-to-make-the-most-out-of-your-employee-benefits-program\/","title":{"rendered":"3 ways to make the most out of your employee benefits program"},"content":{"rendered":"

When thinking up employee benefits ideas for your workforce<\/a> and designing an employee benefits program, it\u2019s natural to want to look at the numbers and determine the return-on-investment (ROI) and\/or value-on-investment (VOI)<\/a>. After all, businesses are in it for the profit. But to truly make the most out of your employee benefits program, it\u2019s necessary to look beyond these metrics for a second. In this Pacific Prime UK<\/a> article, we give you 3 ways to make the most out of your employee benefits program.<\/p>\n

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\"Corporate<\/a><\/p><\/div>\n\n

1. Focus on the \u2018employee\u2019 in \u2018employee benefits\u2019<\/h2>\n

\u2018Employee benefit\u2019 has the word \u2018employee\u2019 in it, but when was the last time you (or a member of the senior leadership team) spoke to employees personally? Of course, there\u2019s a time and place for email updates about the company or cybersecurity tips, but you can also just have casual chats with a few employees each day.<\/p>\n

Just think how you\u2019d treat clients. You\u2019d place emphasis on strengthening the relationships for business goals. So why not do the same with employees? It\u2019s a no brainer – the more you get to know employees personally, the more important and valued they\u2019d feel. This also helps build a sense of belonging in the workplace.<\/p>\n

What\u2019s more, if you invest in your relationship with employees and get to understand their pain points and struggle, you\u2019ll be more in tune with them when implementing an employee benefits program. This ensures that the employee benefits program is effective in addressing both their needs and those of the business.<\/p>\n

Tip: <\/strong>When you next have a one-to-one meeting with an employee, spend a bit of time – say 10 minutes – talking about anything other than work. Open the door to discussion and make sure you listen.<\/p>\n

Give employees continuous, personalized feedback<\/h3>\n

Speaking of focusing on employees, you should pay attention to their work and the value it brings to your business. However, this shouldn’t be the kind that occurs once a year in the form of a performance review. Rather, the line manager and employee should be able to check in on an ongoing basis and decide how best to invest in the employee\u2019s career as they progress.<\/p>\n

If you\u2019re wondering why your employee benefits program isn\u2019t working and\/or how to motivate employees in the workplace, then perhaps it\u2019s a sign that you also need to bring in an incentive bonus plan into the feedback process. Do this more often during the year and tailor it to the employees\u2019 career path and goals, and you\u2019ve got a winning formula.<\/p>\n

2. Make sure your employee benefits cover the entire spectrum<\/h2>\n

While group health insurance remains a highly coveted employee benefit, it\u2019s important to remember that this should be offered alongside other health and wellbeing benefits. This is because health is holistic, and one area can affect the other. As Neil Raymond, Founder and CEO of Pacific Prime, said:<\/p>\n

\u201cHealth is a state of harmony between physical, mental, and financial wellbeing.\u201d<\/p><\/blockquote>\n

Physical health:<\/h3>\n

In the wake of the COVID-19 pandemic, employees are increasingly prioritizing their health. As such, physical health benefits like group health insurance are key. Telehealth benefits are also a good idea here, as it offers convenience in accessing care. Additionally, you could focus more on the preventative side of things with healthy eating programs, free gym membership and more.<\/p>\n

Mental health<\/h3>\n

Loneliness from social distancing measures and anxiety over contracting COVID-19, along with financial worries amidst the global economic downturn, have had a toxic impact on employees. Benefits like employee assistance programs (EAPs)<\/a>, which include counselling and crisis support, as well as mindfulness sessions are ways to improve employees\u2019 mental health.<\/p>\n