Employee loyalty and productivity can be interesting topics. Experts agree that both are linked, and increasing loyalty can mean higher productivity. For bosses who want to get the best performance possible from their people, the best way to do so is by providing them with the necessary assistance. Here are some potential avenues in which a company can give its employees a helping hand.
Get Them a Home
One of the big milestones in life is buying a house. This usually involves a lot of money and is usually the result of years of hard work. A company can make it a lot easier for its employees. For some tech companies, this is an expected benefit. They find experts all over the world and bring them to work near their offices.
Depending on expertise levels, they usually give out money to buy a house completely. While not all companies can do that, a business can still help in other ways. For example, they can set up lunch workshops and invite experts to teach employees about the basics of home buying. Among the difficulties involved with home purchases is the lack of knowledge. Additionally, the company can work with local financiers to provide the best mortgage rates possible for employees.
Assist with Their Child
Another big issue that employees often face is that they might have children. While young, they will need additional care. If they’re parents, then they’ll be having problems juggling the demands of childcare and work. This is especially true when it comes to female employees. A business assisting in various ways can make life a lot simpler for them.
For example, providing a childcare center for babies and toddlers in the office building can be a big help. This eliminates a lot of the worries that they might have. If the children are school age, providing employees with access to good schooling can also help a lot.
Develop Their Abilities
Employees also might feel that they need to improve themselves. Many of them complain about being stuck in dead-end jobs. But if the business helps them in developing their skills, they’ll jump on the chance. For example, many employees might want to get a master’s degree. But the trouble is that it can put a lot of demand on their time. Management might evaluate the employee to see whether it would be good for the company to have these extra skills. If they decide it is a good idea, then they should give a bit of help like funding and a workload that they can handle while they study.
Provide a Flexible Schedule
Sometimes, an employee might have a lot of things on their plate. It would not be a good idea to ask them to prioritize work over all other things. This would build resentment for the company. A much better idea would be to help them handle their work issues by giving them a more flexible schedule. Companies have been moving away from the traditional work schedule for decades now. Working with employees to set up a work schedule that allows them to do other things can only help in the long run.
Assist in Healthcare
Another way that companies can help their employees is in healthcare. Medical bills can get expensive, especially for loved ones. While a lot of companies offer health benefits, some companies go above and beyond the basics. For example, a lot of companies have traditional outpatient and inpatient coverage that also supports dependents.
But it is rarer to find companies willing to help when it comes to maternity and fertility issues. Vision and dental care are also additional benefits that aren’t seen often. A dedicated company would also have mental health support and regular checkups covered in their health benefits. Paying for immunization and facilitating it is becoming increasingly important as it becomes a needed part of general health.
A business should also assist employees in getting to work. This can come in various forms. In the past, this would mean easing the commute by providing a shuttle service. A more generous company would provide a car for an employee. Nowadays, businesses can also assist workers to set-up for work-from-home. Providing a stipend for a better connection and a good PC can help employees with tight budgets.
A company assisting employees can leave an impression. Workers would appreciate the help that they were given and remember what the management did for them. This can affect their loyalties and performance. Investing a bit in employees with the various ways above can be beneficial to your company in the long run. When they feel like they owe the company in some way, workers have more motivation to work.