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The Empuls Glossary

Glossary of Human Resources Management and Employee Benefit Terms

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What are the three things to keep in mind when choosing work perks?

3 things to keep in mind when choosing work perks:

  • Alignment with company values: Ensure the perks program aligns with the company's core values and work environment, reinforcing the culture you want to build.
  • Employee-centric focus: Understand what your team members truly value. Offering perks that meet their needs will significantly boost engagement and satisfaction.
  • Flexibility and inclusivity: Provide a variety of options that cater to a diverse workforce. A successful perks program offers a wide selection of benefits that appeal to different demographics and life stages.

What is the work perks program?

A work perks program is a human resources initiative designed to enhance the work environment by offering a wide range of employee benefits and perks. These programs aim to increase employee engagement and retention by providing team members with unique incentives beyond traditional compensation. Perks can include flexible work hours, wellness programs, and more, all tailored to attract and retain top talent.

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What is the work perks employee discount program?

The Work Perks Employee Discount Program is a specific type of perks program that focuses on offering discounts to employees as a form of additional compensation. This program is part of a broader employee benefits strategy aimed at increasing employee engagement by providing access to discounted rates on a wide range of products and services.  

These discounts can help reduce the cost of living for employees, making the company more attractive to top talent and contributing to a positive work environment. By offering such perks, companies can increase their employee retention rates and create a more engaged and loyal workforce.

Empuls is an employee perks and benefits platform that centralizes offerings to improve overall employee well-being. By providing tax-saving advantages, flexible lifestyle benefits, exclusive discounts, early wage access, and customizable perks, Empuls empowers employees to optimize spending, choose benefits tailored to their needs, and extend their disposable income.  

The platform simplifies implementation and management for organizations, allowing them to align perks with their people strategy and workforce preferences. Empuls fosters a positive work environment, boosts engagement, and attracts top talent by demonstrating a genuine commitment to employee well-being through a comprehensive, centralized platform.

What are the three things to keep in mind when choosing work perks?

3 things to keep in mind when choosing work perks:

  • Alignment with company values: Ensure the perks program aligns with the company's core values and work environment, reinforcing the culture you want to build.
  • Employee-centric focus: Understand what your team members truly value. Offering perks that meet their needs will significantly boost engagement and satisfaction.
  • Flexibility and inclusivity: Provide a variety of options that cater to a diverse workforce. A successful perks program offers a wide selection of benefits that appeal to different demographics and life stages.

What are the benefits of work perks program?

A well-designed work perks program offers numerous benefits, including:

  • Enhanced employee engagement: Offering perks that employees value can lead to increased engagement, resulting in higher productivity and job satisfaction.
  • Improved employee retention: A robust perks program can reduce turnover by making employees feel valued and appreciated, thus contributing to long-term employee retention.
  • Attracting top talent: A competitive perks program is essential for attracting top talent, as it demonstrates the company’s commitment to employee well-being.
  • Cost savings: Employee discount programs can reduce living costs for employees, making their overall compensation package more appealing.

Why choosing the right employee perks matter?

Selecting the right employee perks is crucial because it directly impacts employee engagement, satisfaction, and retention. A well-structured perks program offers a wide range of benefits that can enhance the work environment, making it more attractive to top talent. By offering perks that resonate with employees, companies can increase loyalty, reduce turnover, and foster a positive culture that supports both personal and professional growth.

What are the best job perks to include in a work perks program?

Here are some of the best job perks to offer in a work perks program:

  • Flexible work arrangements: Options for remote work, flexible hours, or compressed workweeks to promote work-life balance.
  • Health and wellness programs: Initiatives such as gym memberships, wellness challenges, mental health resources, and on-site fitness facilities to support employee well-being.
  • Professional development opportunities: Access to training programs, workshops, tuition reimbursement, and mentorship programs to encourage career growth.
  • Performance bonuses and incentives: Financial rewards based on individual or team performance to motivate employees and recognize their contributions.
  • Employee discounts: Partnerships with local businesses or discount platforms to provide employees with savings on various products and services.
  • Paid time off (PTO): Generous vacation policies, sick leave, and personal days that allow employees to recharge without stress.
  • Parental leave policies: Comprehensive maternity and paternity leave options to support employees during significant life events.
  • Social and team-building activities: Regular team outings, retreats, or social events to foster camaraderie and strengthen workplace relationships.
  • Retirement savings plans: Contributions to 401(k) plans or pension schemes to help employees plan for their financial future.
  • Pet-friendly policies: Allowing pets at work or offering pet insurance as a unique perk that appeals to animal lovers.

Employee pulse surveys:

These are short surveys that can be sent frequently to check what your employees think about an issue quickly. The survey comprises fewer questions (not more than 10) to get the information quickly. These can be administered at regular intervals (monthly/weekly/quarterly).

One-on-one meetings:

Having periodic, hour-long meetings for an informal chat with every team member is an excellent way to get a true sense of what’s happening with them. Since it is a safe and private conversation, it helps you get better details about an issue.

eNPS:

eNPS (employee Net Promoter score) is one of the simplest yet effective ways to assess your employee's opinion of your company. It includes one intriguing question that gauges loyalty. An example of eNPS questions include: How likely are you to recommend our company to others? Employees respond to the eNPS survey on a scale of 1-10, where 10 denotes they are ‘highly likely’ to recommend the company and 1 signifies they are ‘highly unlikely’ to recommend it.

Based on the responses, employees can be placed in three different categories:

  • Promoters
    Employees who have responded positively or agreed.
  • Detractors
    Employees who have reacted negatively or disagreed.
  • Passives
    Employees who have stayed neutral with their responses.

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