However, when you do find the right person for the role, everything falls into place. This is why you should show your great workforce just how much you value them by offering benefits to new employees such as income protection, death and disability cover and other financial services.
You should also be considering offering group life insurance cover for both new and current employees. Group life insurance cover will ensure that your employees and their families are covered for any eventuality. Offering this type of incentive to new hires will mean that they are more likely to remain loyal to your company. So, keep reading for some of the unique benefits you can offer to new hires.
- Group life insurance
Group life insurance is an ideal benefit to offer both new and current employees. It is a type of group coverage offered by an insurance company which offers a lump sum if the worst should happen, such as death or disability. This will allow your employees and their families to continue to live their lives without extra financial strain while dealing with a highly stressful situation.You can also offer your new employees the option to cover their family members should they also face dire circumstances. Be sure to read over the terms and conditions of the insurer regarding this to be certain of who is covered by the insurance. Your employees will need to undergo health checks and be as transparent as possible during these checks. Any discrepancies could cause issues if they need to claim.
- Health and wellness days
Offering your employees benefits such as visits from health and wellness coaches will help them to stay healthy and happy in their new work environment. You could ask your medical aid provider to send dietitians and fitness coaches to your offices once a month or every three months, to give talks with helpful and practical health tips to your employees.It might sound like an unnecessary cost, but ensuring that your employees are physically fit and mentally healthy is vital to the success of any business. These days dedicated to health and wellness should never be forced onto your employees, as some people may feel strongly about their alternative lifestyle. That said, they may be following their own routine for their own reasons, so if you invite your employees to take part in a day that will benefit them in the long run, the atmosphere will be more collaborative than forced.
- The option to work remotely
In this day and age being able to work remotely is a major perk for many new employees. This is because the modern workforce now has access to faster internet and better computers than before, meaning that if they are feeling ill or are in need of a break from the office, they can easily work remotely without negatively affecting productivity.Of course, you will have to consider the industry you are in before you offer this perk to your employees. For example, working remotely has proven successful for people working in the IT and marketing industry, but for industries where you need employees in the office each day, it might not be as streamlined as it could be. You will also need to set rules for remote work, such as the remote-working hours the employee needs to be on-call for, as well time logging their hours correctly too.
- Group funeral cover
As well as offering your employees group life insurance, you should look into offering them group funeral cover. Funeral cover is a type of insurance that can be used to cover the cost of a funeral for your employees or their family members. This money can be highly useful during a stressful time as your employee’s family will be able to give their loved one a dignified funeral and grieve them properly.Be sure to ask new employees if they already have funeral cover and if they would be willing to switch to the cover you are offering. Each employee will need to contribute equally, so keep this in mind when looking at different options. You should not make this a mandatory option for any employees, especially new hires. They might be wary of having to sign up to a service they do not want or need. But offering funeral cover will show them that you truly care about their wellbeing, making it more likely that they will remain loyal to your business.
- Happy employees mean good business
Keeping your employees happy, whether they have been working with you for ten years or ten days, is vital to the success of any business. Some of the benefits you could offer new hires (and current employees) include offering group life and funeral insurance, health and wellness days or initiatives, and the option to work remotely. These will show your employees that you care about them and want to nurture them and their progress in your company.
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