9 Employee Benefits That Can Make Up For A Non-Competitive Salary

A key focus of my blog is Career Discussions. While we often weight our salary as the most important part of our jobs, there are many other things to consider. In some instances, there are other benefits to the position that can offset a non-competitive salary. The following contributed post is entitled, 9 Employee Benefits That Can Make Up For A Non-Competitive Salary.

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Image Credit: Pexels, Free to Use Licence.

As a start-up or small business, it can be hard to afford the talent you need to grow your team leaving you with gaps in your skill set that can set you back. Fortunately, there is an alternative incentive – an employee benefits package – enabling you to attract the talent you need without breaking your budget. Here are 9 employee benefits to consider:

  1. Health Insurance
    One of the biggest benefits any company can offer its employees is health insurance, helping them to cover the cost of their medical bills if they are sick or in an accident. Many Americans live in fear of a trip to the hospital knowing that it can wipe out their entire life savings, leaving them in crippling debt.
  2. Unlimited holiday
    This may seem a little extreme but offering an unlimited holiday allowance is seen as a huge advantage for prospective employees and shows a large degree of trust. Contrary to what you may be thinking companies who offer unlimited holiday as a benefit to their employees have actually found that they take less holiday than if they are rationed.
  3. A laundry service
    If your employees wear a uniform or work very long hours then an inclusive laundry service from a company such as Crown Uniform and Linen Service can help to save them time whilst ensuring they always look their best.
  4. Flexible working hours
    The days of nine to five working are numbered with more and more companies offering their employees flexible hours to allow them to fit their work around their personal life. Whether it be picking the kids up from school or getting a workout in early, flexible hours are seen as a huge benefit and can have a big impact on employee morale.
  5. Working from home
    As with flexible hours, remote working is another popular incentive enabling employees to achieve a better work-life balance, cut down the cost of childcare and feel a sense of freedom. Working from home isn’t just a great benefit for employees but it can save businesses money too.
  6. Personal development days
    For the career-minded, there’s nothing better than being given a paid opportunity to get back to their books, further their studies or progress their careers. A few personal development days a year can help your employees to stay at the top of their game benefiting not only their future but yours as a business too.
  7. Student loan reimbursements
    For recent graduates, student loan reimbursements can help them to escape their student debt. Offering this benefit will definitely ensure that you receive the best graduate talent.
  8. Fully paid extended leave for new parents
    For those looking to start a family the prospect of fully paid extended leave is very appealing giving new parents the chance to spend valuable time with the newest addition to their family.
  9. Pet-friendly workspaces
    Allowing employees to bring their pets to work can not only increase productivity but employee happiness too. Other pet-related benefits include providing pet insurance or allowing employees to work remotely to spend more time with their four-legged friends.

Author: anwaryusef

Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct Examiner.com, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath. Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics. Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.

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