12 modern benefits + non-traditional benefits to keep your employees happy

Have you noticed that small businesses like yours offer more benefits and started wondering if you should do the same? While it's true that employee benefits can help you attract and retain talent, you need to know what extras to offer your team. Otherwise, you will end up disappointing your staff and wasting your money.

Here is our list of modern benefits that small businesses like yours can offer. We've included the top twelve types, the business types, and the staff members they're best suited for, along with some tips for implementing them.

HR for people who don't do HR.

Homebase gives you modern tools and guidance to stay compliant.

Find out more

1. Early access to salary

An early withdrawal option is much appreciated. Allowing your staff to receive a portion of their salary before payday gives them the ability to more easily deal with unforeseen expenses such as car trouble or broken water pipes.

Homebase offers withdrawal functionality as part of its platform. This means your employees can withdraw up to $250 in advance. The app then automatically withdraws that amount from their bank account on payday. Signing up is easy, but the best part is there are no hidden fees, credit checks or interest charges because it's not a payday loan and costs you nothing - it's is simply a hassle-free advantage.

2. Health Benefits and Other Alternatives

Many workers worry that they are increasingly responsible for the cost of health care instead of employers paying for it themselves. This can be especially costly for employees with young children or elderly family members who are at greater risk of health problems and high medical costs.

Offering better, broader, or more modern health insurance can set your business apart from your competition. This benefit can give your employees more security and allow them to seek care sooner before minor problems become bigger problems.

But you don't have to focus on buying the best insurance. Here are some other examples of benefits that allow you to take care of employee health:

Health Reimbursement Arrangements (HRAs): Using a third-party company, deposit pre-tax funds into HRAs that your workers can then use for medical expenses and health insurance premiums. In addition to giving you tax benefits, HRAs are also cheaper than group health insurance. They can also be used in tandem with any existing plans you offer. Vision and dental care: Many insurance plans don't cover eye exams or dental visits, but these can be your team's major medical expenses. Your employees will appreciate this benefit and it's good for your business if everyone with vision problems has up-to-date prescriptions – they need to be able to see what they're doing! Additional sick leave: Offering a generous sick leave plan is a cost-effective way to give your team time off not only to care for themselves, but also for sick family members. Gym Memberships: Subsidize or pay for memberships at nearby fitness centers or try to strike a deal with a nearby gym so that their employees also get a discount at your business. Office Fitness Classes: If you or another team member have experience in a discipline like yoga, pilates, or zumba, your company could offer fun exercise classes at the start of shifts. work or after hours. Exercise Breaks: Let people relax in the middle of the day by allowing them to take an hour off to work out, run, or take a walk. 3. Mental Health Resources

Mental health is a priority for 50% of employees, according to Mercer's 2021 On-Demand Health Report. The same report states that 42% of employees are more likely to stay in their current job because of mental health benefits.

You can promote the mental well-being of your employees in several ways. Here are some of the most popular:

Employee Assistance Programs