Work/Life Employee Benefits are the non-traditional benefits provided by employers to help employees find a better balance between their work life and their personal life. They are often intangible and typically offered as part of the total renumeration.
What are Work/Life Employee Benefits
Work/Life Employee Benefits are programs and workplace policies to support flexibility, health, and wellness for employees and they can usually be found in the company's benefits guide. They help employees navigate the demands of work and life and feel valued by the company.
They are often provided as part of an overall package the employer leases from a third-party – either the third-party or the employer then administers the system.
Types of Work/Life Employee Benefits
Work/Life benefits helps company retain and acquire new talent as the employees report improvement in morale. Some examples of these benefits include:
- Retirement and Insurance
- Alternative work schedules
- Flextime
- Telecommuting
- Child care options
- Emergency childcare
- Health & Wellness: Gym memberships, access to counselling services etc
Examples of companies providing great work - life benefits
With an increasing war for talent, these benefits have become a weapon in HR team's arsenal to hire and retain the best talent. Some examples of top companies providing these benefits:
Google - Its famous for its perks, and not without reason. Apart from the famous ones - Google offers up to 12 weeks of fully paid maternity and paternity leave -- time off to bond with your new child for all new parents -- as well as additional renumeration to use during the first few months.
Deloitte - Deloitte provides a sabbatical program that allows employees two options: one month unpaid and three to six months partially paid to allow employees to volunteer, pursue professional goals, take time to refresh or use as an acknowledgment of their hard work and dedication.
Boston Consulting Group - BCG allows its employees to take sabbatical to work on social impact programs
