{"id":2196,"date":"2020-06-05T15:54:01","date_gmt":"2020-06-05T07:54:01","guid":{"rendered":"https:\/\/www.pacificprime.sg\/blog\/?p=2196"},"modified":"2021-12-21T11:50:27","modified_gmt":"2021-12-21T03:50:27","slug":"5-employee-perks-your-team-will-love-in-2020","status":"publish","type":"post","link":"https:\/\/www.pacificprime.sg\/blog\/5-employee-perks-your-team-will-love-in-2020\/","title":{"rendered":"5 employee perks your team will love in 2020"},"content":{"rendered":"

Human capital is an extraordinary resource – one that can make or break a firm. According to a study by the London School of Economics, there is a strong correlation between employee wellbeing, employee productivity, and firm performance<\/a> across all industries and regions.<\/p>\n

Understanding what employees want and how to incentivize them will, therefore, be vital for any company. As a leading corporate insurance and global employee benefits specialist, Pacific Prime Singapore<\/a> shows you in this article the top 5 perks to implement in 2020.<\/p>\n

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

1. Positive office environment<\/h2>\n

Who doesn\u2019t love to be treated nicely? It\u2019s no different in the workplace. Whether it’s a compliment from a colleague for a job well done or some empathy from the supervisor during a difficult time, fostering a positive work environment goes a long way in keeping employees happy.<\/p>\n

Instilling this culture at the workplace can feel like an impossible task, but you know what they say: lead by example. Each individual is different and expresses appreciation differently, so start by figuring out how to make the person you\u2019re working with feel valued. Is it through words of affirmation? Or receiving employee benefits?<\/p>\n

Find out how to adapt The Five Love Languages for the workplace<\/a> to create the best work experience for your staff. The 2020 employee will love your personalized approach and be satisfied at work.<\/p>\n

As Richard Branson, Founder of the Virgin Group, says: \u201cTrain people well enough so they can leave, treat them well enough so they don\u2019t want to\u201d.<\/p><\/blockquote>\n

2. Flexible work arrangements<\/h2>\n

If there\u2019s one thing we\u2019ve learned from the COVID-19 pandemic, it\u2019s that remote working is indeed possible and even enjoyed at times<\/a>. Some companies are more equipped for it than others, but given the situation, all companies have had to adapt. Chances are your workers may also prefer more flexible work arrangements in the future.<\/p>\n

So, what does this mean for you? It\u2019s not so much as switching to remote working, but it’s more about being less rigid with how you define productivity. For example, if your employee has to leave early to pick their kid up from school, that may not be such a bad thing if they finish all their work on time.<\/p>\n

From not having a strict punch-in punch-out system to destigmatizing childcare duties, recognizing that your staff have lives outside of work and allowing them to be flexible with how they choose to work will increase satisfaction and boost productivity. A win for both the employee and the company!<\/p>\n

3. Training and development<\/h2>\n

Gone are the days when employees remain in one company and one job for life. Today\u2019s working professionals like to switch things up every now and then. While this is a global trend, with 73% of employees believing the \u201cjob-for-life\u201d to be extinct, it is much higher in Singapore with 83% expressing this<\/a>.<\/p>\n

Providing comprehensive training can play a part in keeping your staff motivated and increasing staff retention. There needs to be a shift in mindset towards the mutual growth<\/strong> of both the organization and the employee. This can be achieved through formal employee development programs.<\/p>\n

Steps for employee development programs:<\/h3>\n
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  • Identify personal and professional goals.<\/li>\n
  • Set a pathway for career growth.<\/li>\n
  • Encourage staff to set time aside for ongoing learning.<\/li>\n
  • Provide access to online courses, training, etc.<\/li>\n
  • Review performance and provide feedback.<\/li>\n<\/ul>\n

    4. Wellness Initiatives<\/h2>\n

    Another big takeaway from the pandemic this year is that one can\u2019t take health for granted. Show your employees that you care about their health and wellbeing by implementing wellness programs. There are a range of things you can do – both big and small.<\/p>\n

    Examples of wellness-related programs:<\/h3>\n
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    • Availability of standing desks to prevent aches from sitting too long.<\/li>\n
    • Provision of healthy snacks at the office to promote a better diet.<\/li>\n
    • Meditation sessions after work to reduce stress.<\/li>\n
    • Free gym membership to encourage exercise.<\/li>\n
    • Company sports events to foster team-building.<\/li>\n<\/ul>\n

      How Pacific Prime can help<\/h3>\n

      Pacific Prime Singapore\u2019s employee benefits consultants can help you implement corporate wellness programs and packages<\/a> that suit your business’ needs.<\/p>\n

      You can even choose to implement an online \u201cPrime Care Portal\u201d that will help you manage and simplify the entire employee benefits administration process.<\/p>\n

      5. Health insurance<\/h2>\n

      While there is no statutory requirement to provide private health insurance to employees in Singapore under the Employment Act<\/a>, most large companies do provide it as part of their employee benefit programs. It\u2019s an excellent perk to include as it\u2019ll make your staff feel safe – no matter what happens, they\u2019ll receive quality healthcare.<\/p>\n