What Are The Best Employee Benefits Small Businesses Can Offer?

The best employee perks for small businesses are typically creative because you don’t have the same money to throw around as larger corporations. Instead, it’s important to appeal to the emotional or non-financial desires of your employees. This means giving extra time off, providing local perks, or offering affordable health coverage. In this article, we will share the 10 best employee perks that could help you attract and retain top talent. 

10 Best Employee Benefits Small Businesses Can Offer

1. Vacation or Time Off

A great perk that anyone can offer employees is more vacation time or paid time off than other businesses. There is a cost to this because you’ll be paying people not to work, but employees are all about balance in their lives right now, and this is one of the best perks you can offer. Very few people aren’t motivated by paid time off that they actually feel like they can take. 

This is a perk that can be enjoyed by both full-time and part-time employees. Many businesses either don’t offer enough paid time off, or they don’t provide a culture that encourages the use of it. In fact, only 10% of employees are receiving at least 20 days off per year after one year of service and unused time costs businesses over $200 billion per year. 

When employees get time off, they are more energized at work, healthier overall, and productivity actually increases. If you can afford to cover the time off at your business, then this is probably the first perk you should think about offering or increasing. 

2. Employee Discounts & Rewards

Something that often doesn’t cost much is providing little rewards to high performers, recognizing them in front of their peers. You can also partner with local businesses to offer employee discounts to everyone that works for you. Many businesses are more than welcoming of the idea of a flow of new customers, even if they have to provide a discount to get them. In fact, many have this factored into their marketing budget. 

Everyone loves being recognized for their hard work, and most people love free stuff. This is a great way to show your employees that you care without breaking the bank or making a drastic change to how you operate.