Compensating your company’s human talent is an activity that cannot be lacking in your human resources planning, especially if you want to motivate your team to give their best, achieve that each achieves their work objectives and strengthen loyalty links with your company. Offering work compensations in your organization also contributes to this being seen as a much more attractive place to work when publishing any vacancy, which translates into a better reputation in the market.
For the compensations to fulfill their function, these must be significant and relevant to your staff. Otherwise, they could go unnoticed.
Seven most valued Work compensations
Below we show you what some of the work compensations that are most important for employees are:
The health of workers should be an issue for which the company shows concern. If your work team and your family members enjoy health, they will be able to carry out their tasks and activities without any impediments. That is why medical insurance is one of the most valued work compensations for professionals. It allows the worker to obtain medical attention at no cost to their family members and may also justify those absences for health reasons without affecting their monthly remuneration.
The vast majority of employees highly appreciate rest days, so rest days, in addition to those granted by law, will always be very welcome. In addition, the advantage of this type of compensation is that it does not involve an investment of money for the organization.
Therefore, it is advisable to offer employees a holiday period that compensates for their effort every day in the company, accompanied by a sufficient and really attractive holiday bonus.
When it comes to bonuses, the law establishes a minimum amount to be paid to the worker during December of each year; however, organizations are also free to grant an additional amount to their workers or even add food stamps, and gift cards, to name a few examples.
Managing human resources should never forget a crucial detail; the company comprises people with diverse needs. Therefore, labor flexibility is one of the best compensations that can be granted to any worker because it gives them the freedom to adjust their work schedules based on their personal needs.
It is worth mentioning that, in the case of establishing this type of compensation, the parameters are defined with which the performance of each collaborator will be evaluated so that there is much clarity about the results and productivity is not lost.
Encouraging savings among your team of workers shows you as a company concerned about the financial stability of your employees. Therefore, highly attractive compensation is to offer savings funds to workers.
This consists of retaining a small percentage of your salary during a specific period to then receive all the money saved and, in addition, an additional percentage by the company.
Productivity bonuses allow the employee to obtain additional income to their salary, a desirable incentive for any worker. In addition, it will enable the company to raise its productivity levels and stimulate work aimed at achieving objectives.
To do this, you can rely on technological solutions that help you determine the productivity level of each of your team members, such as human capital software.
Major medical expenses insurance
As mentioned earlier, health will always be an important and highly valued factor. Providing your employees with insurance for major medical expenses gives them greater peace of mind, as they can ensure medical care in private units, respond to emergencies and receive treatments in case of suffering some accident or illness.About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.