Advertising
Advertising

5 Perks Every Entrepreneur Should Offer To Their Employees

5 Perks Every Entrepreneur Should Offer To Their Employees

As an entrepreneur running a start-up business, attracting and retaining top talent is essential. While new businesses are often short on cash, one way to achieve this is to offer market-leading perks that employees would not be able to do without.

In this post, we’ll look at five great perks for employees that every forward-thinking entrepreneur should offer to their team to ensure they attract and retain the best team members.

1. A Gym Membership

Reducing sickness in the office is something that businesses have been struggling with for years. But the simple fact is that fit and healthy employees tend to be happier and less likely to take time off than their less energetic counterparts.

Many roles at start-ups are sedentary, meaning employees usually spend the vast majority of their time sitting at their desks, making it difficult to stay naturally active. That issue can be compounded when employees commute by car, and they may end up getting very little exercise at all.

Advertising

Offering a gym membership to your employees can be a great way to empower your team to get fit and healthy. Cost can be a barrier to getting in the gym, so with this removed, it’s much easier to give it a go.

Some employers take it even further by organizing team sports after work, such as a company softball team, yoga, or spin sessions. These are great ways of getting your team into a healthy habit as well as an excellent team building opportunity.

2. A Personalized Workspace

For most start-ups, there’s lots to do, so roles are very demanding, with team members likely to spend upwards of 50 or 60 hours in the office to meet deadlines! As a result it’s important to ensure your office is a genuinely nice place to be.

That doesn’t just mean having a nice looking office, it means allowing your team to add a personal touch to their workspace so it feels like their own. In fact, in a recent survey, 63% of employees agreed this was important to them.

Advertising

That could mean letting your employees choose their office chair, set up their own notice board, add some photos and other personal items, or even spec out their workstation so they have gear that they enjoy working on.

3. A Chance To Socialize

Being able to get to know the team is another important factor when it comes to running a successful business. Team social events really helps to build a sense of camaraderie among your employees, which improves job satisfaction. It also means team members who get along with one another are more likely to want to stay in the business – as leaving a great team would be another one of the things they’d miss out on if they left.

This could involve team trips to the bar at the end of each month, or parties to celebrate the launch of a new campaign, project, or feature. Part of your marketing and PR strategy may involve entering industry awards, so why not bring the whole team to the awards ceremony to give them a chance to reap the rewards and feel instrumental in the company’s success?

You could also offer other social events such as barbecues for employees and their families, meals out after work, or tickets to the latest cinema releases for groups of employees who’ve worked particularly hard to get a project completed.

Advertising

4. Flexible Hours

For many office based roles, it’s no longer necessary to have to work in the office for set hours, particularly if your team is not customer-facing and does not need to be reachable during standard business hours.

The fact is that business hours aren’t always the most productive, as some employees are morning people, some are night people. On top of that, commutes can be so much quicker by avoiding the times of day that the majority of people travel. Offering flexible hours can help employees get the most from their day as a result.

On top of that, it offers better job satisfaction by letting employees schedule their work around their lives, not the other way around. That could mean taking the kids to school or working from home to make a dentist appointment at midday.

Ultimately, your employees are trusted to make important decisions about your business, so isn’t it time to let them start taking control of their own schedule?

Advertising

5. No Arbitrary Vacation Allowances

As Richard Branson argued back in 2014, flexible working has revolutionized how and where we do our jobs, so why do we still stick to strict annual leave policies? Inspired by Netflix, Virgin went ahead and scrapped arbitrary vacation allowances. Instead, the focus is put on what work employees get done, not hours worked over the entire year.

Naturally for small companies, there are some limits – the business must be able to support employees taking time off. As a result, unlimited holidays may be offered provided the business can handle a particular employee taking time off. That might mean a developer taking a day off as a hard earned break after completing a lengthy project, or allowing employees to schedule holiday time, provided there is someone with their skill set available to cover for them.

But taking time off is not just a benefit for the employee, it’s a benefit for the employer too. Vacations offer a chance for employees to gain some down time, de-stress and clear their heads. This often results in the employee returning refreshed and re-energized with new ideas, as well as avoiding burnout, which can lead to long term sickness.

As a result, many forward thinking companies encourage employees to take the time off that they’re entitled to, to help foster a happy and productive team.

Featured photo credit: Kevin Curtis via unsplash.com

More by this author

4 Exciting Games To Play With Your Dog 5 Perks Every Entrepreneur Should Offer To Their Employees 4 Ways To Launch A Better Website With A Smaller Budget 9 Things To Make Travelling That Little Bit Easier Night train at Budapest Keleti How to Sleep Well and Stay Safe on a Night Train

Trending in Entrepreneur

1 10 Simple Yet Powerful Business Goals to Set This Year 2 How to Start an Online Business That Will Grow and Succeed 3 How to Succeed in Business: 10 Skills Every Entrepreneur Needs 4 How to Become an Entrepreneur (Advice from a Serial Entrepreneur) 5 30 Best Business Books for Entrepreneurs Who Want to Make an Impact

Read Next

Advertising
Advertising
Advertising

Last Updated on July 2, 2020

13 Common Life Problems And How To Fix Them

13 Common Life Problems And How To Fix Them

In life, we encounter problems as we breathe. But it doesn’t get to us until we feel a major impact, and that’s when it becomes a source of concern, hurt, or sorrow.

Life problems, depending on their magnitude, can be clogs in the wheel of progress, and we may not be able to attain our full potential if we don’t learn to place our problems in the proper perspectives as suggested in Robert Schuller’s Tough Times Never Last.

In this article, I have identified some common areas where you will most likely face problems as you make progress towards reaching your full life potential. I have also suggested practical approaches in handling, managing, and solving such problems.

1. Financial Crisis

We live in an uncertain world and a financial crisis may come at different stages of life. While you should always anticipate and prepare for a financial crisis, it may still catch you off guard or the magnitude may be far more than any preparation you have made over the years.

It could be that you lost your job or a major investment, got slammed with a lawsuit that threatens your savings, or have your livelihood be affected by a major disaster. So what do you do when you are in a financial mess?

Solution

To overcome a financial crisis, you will have to come to terms with the crisis. Acknowledge and accept the situation and begin recovery by setting your financial priorities right.

The next thing to do is to identify the cause of the crisis. If it’s due to a job loss, then your effort should be directed at getting a new job. If it is having multiple debts, look for ways to consolidate your debt so that your monthly debt repayment can be consolidated into one instead of being burdened with multiple payments.

You can also sell some of your assets to raise money to save the situation, or look for a better job if you are earning less at your current job. Don’t hesitate to ask for help from family and friends if you need to.

2. Health Crisis

Another major problem that might come up in your life is a health crisis. This is not far-fetched because our body systems work round-the-clock, even when we are sleeping. As a result of this, and if you don’t maintain routine health habits, health deterioration might begin to set in. Things might even get serious if you don’t attend to it early.

Advertising

Solution

When you are facing a major health crisis, the first thing to do is to consider lifestyle changes. This includes cutting down on junks, eating healthy diets, exercising, breathing fresh air, taking some sun, etc.

Apart from the lifestyle changes, you have to seek quality medical help and make sure you get different opinions about the state of your health so you can get the best affordable care.

3. Relationship, Marriage, and Family

There may not be anything as sweet as love and family life, but it can also be the source of pain for some. Human imperfections in a relationship can cause a major crisis in life. This has been a stumbling block to many on their path to fulfillment.

Solution

The best thing to do is to prevent relationship problems from happening, but if they do happen, you need to face reality and begin to take steps towards addressing them. Do your best to keep the lines of communication open as this can help in strengthening your struggling relationship. Talk about the challenges with your partner and look for common grounds.

You can also arrange to see a counselor together or read books that address the specific challenges you are facing. The worst thing you can do is to end a relationship and that’s only when you have exhausted all other options.

4. Workplace

The workplace is supposed to be a place where we dutifully render the services for which we’ve been hired.

However, it is not impossible to face animosity at work—dealing with toxic people who would rather not see any good in what you do. It might be caused by differences in background, attitudes, and unhealthy competition that can result in personal conflicts. This can create undue stress and reduce productivity.

Solution

Be as professional as possible when dealing with toxic people. Be kind and show understanding, and try to avoid personal confrontation.

You can even try to reach out to the persons and invite them over for a coffee and get to understand their worldview. This can help you to connect with them at their level so that you can avoid unnecessary stress for yourself.

Advertising

5. Career Pressure

In your quest to become more successful, you will likely encounter work-related pressure. Such can come when trying to stabilize your career or climb the career ladder. It can also come as a result of overworking and having no life. Career pressure is one of the most common life problems.

Sometimes, it may be that the promotion you are working hard to get is not coming or positions you are qualified for are being offered to others. The pressure can get more intense when you find that most of your colleagues are moving ahead of you.

Solution

Check to find if you have personal or attitudinal problems. Some attitudinal problems can put you at a disadvantaged end. It may be poor communication, poor personal grooming, or poor relationship and networking skills. If it is any of these problems, then work on improving yourself in those areas.

You can also observe your colleagues who are succeeding and take note of what they are doing differently.

6. Unfair Treatment

We are in a world where some people often think they have some privileges over others and may want to exercise this thinking and treat others unfairly. If you find yourself in an environment where you are being oppressed or treated badly because of your race, gender, or current status, this can make you feel really bad and can also affect your psyche and productivity.

Solution

There is the temptation to decry your treatment, defend yourself, and demand a change immediately, but you should really wait for the right opportunity to do that.

When the time is right, reach out directly to the person or authority involved, and make it private. Meanwhile, you should be factual about the instances of your unfair treatments. Don’t just say it that you are being treated badly; give several undeniable instances.

Once you’ve made your grievances known politely, keep being you. If things don’t change, you can cocoon yourself in that environment. If you have an option to leave, you can do so as well.

7. Emptiness and Boredom

When you are in a rut, everything becomes normal, dull, unproductive, and yet difficult to change. This can lead to feelings of emptiness and boredom. This may not seem like a serious life problem, but it can have a great impact on your life.

Advertising

Solution

To overcome boredom and emptiness, break out of your routines, and deliberately create a new experience for yourself. If you can’t leave your job to find a new one, start doing other things that reflect your true passion. Sometimes, the things that give us the needed drive in life are not our day jobs.

8. Confusion

Confusion is described as a change in mental status in which a person is not able to think with their usual level of clarity.[1]. It is inherent in forgetfulness and lack of concentration.

It can be caused by different things including medical and environmental factors. It can also be due to the experience of a loss, a heartbreak, or abuse.

Solution

Don’t allow the situation to deteriorate into something more serious. Try to snap out of whatever experiences you have had that is causing confusion. Seek medical help if necessary or talk to a psychologist.

9. Friendship Problems

We need friends in our lives to rob minds and hang out together and even help us when we run into trouble. But many people have found themselves in serious trouble as a result of the company of friends they keep. They’ve experienced jealousy, backstabbing, and betrayal of trust. Some friends have even used the information freely provided in times of friendship to betray trust.

Solution

Don’t open up on everything to friends. Keep some information only to yourself. If you notice that a friend is working against you, confront them with the truth. Limit your interaction with them or get rid of such toxic friends completely.

10. Haunting Past

We all have pasts, and we might have done some crazy stuff in the past before we begin to live a more civilized and decent life. But sometimes, the past comes back haunting. It’s even worse when life problems of the past haunt you back and become problems of the present.

It may be that what you have done is now striking your conscience, keeping you awake at night. Or someone who knows about it is trying to use it against you, and it is standing in the way of your progress.

Solution

Be true to yourself and forgive yourself. If it is an issue with another person, you can reach out to the person to settle with them. If it is a secret that is now being leaked out, own up to it, take responsibility, and move on.

Advertising

11. Safety and Security

You may find yourself in an environment where there have been unexplained murder, gun violence, police brutality, insurgencies, and other life-threatening situations. This can make you feel like you might be the next victim. What should you do in this situation?

Solution

Ensure that you watch where you go and keep your home secure. You can also get involved in a neighborhood community watch to collectively find solutions to the threat. If the situation persists, you can move to a more secure location.

12. Failure

Failure can bring disappointment and can also slow the pace of progress. But failure is also part of life, and we have to learn to deal with it. But what do you do when an experience of failure weighs you down?

Solution

You can read a book or biography to get inspired by other people’s success stories.

13. Grief

No one loves to grief but we can’t totally shield ourselves from it. The loss of a loved one is painful and, if not properly handled, can lead to an emotional breakdown.

Solution

Take your time to express emotions. You can also pen an emotional tribute to the individual. Writing can help us bring out the feelings that cannot be expressed otherwise, and it helps us breathe a sigh of relief.

You can also cope with your grief by helping them to realize some of their unfulfilled dreams or do something in their honor. Lastly, while you think about your loss, you will still have to move on, accepting the fact that life is transient.

The Bottom Line

Problems are what make life worth living. They help us adapt to become tougher as we adapt to different situations. Always remember that whatever problem you are facing has a solution or, at least, a manageable approach.

Therefore, never allow your challenges to stop you from fulfilling your true potentials in life.

More Tips to Help You Get Unstuck

Featured photo credit: Danka & Peter via unsplash.com

Reference

[1] Medicinet: Confusion: Symptoms & Signs

Read Next