When employees take advantage of stock options that are offered as a benefit, you are granting them the opportunity to purchase shares of your company at a predetermined and discounted price. Since the shares are often much less expensive than the share price that nonemployees must pay, stock options can be a valuable benefit for employees. As an employer, you can work with your team to decide … [Read more...]
Reap Rewards With Mental Health Benefits
What does the term "well-being" mean for each of the individuals you employ? Take some time to answer this question, and from there, think about how you can go about meeting the needs of your employees regardless of the current stage of life they're in or what is going on in the world today. If employees cannot trust that their employer will take care of them, then how can you expect your business … [Read more...]
The Advantages of a Total Rewards Package
With millennials dominating the workforce and the next generation of workers gearing up to make their mark, employers are being forced to rethink their rewards strategy. When employers think “rewards,” compensation and benefits typically first come to mind—and with good reason. Research shows that compensation is the leading driver of job satisfaction, followed by benefits. Demand for a more … [Read more...]
Tips for Building Your Paid Parental Leave Policy
Employers are increasingly offering paid parental leave, which includes maternity leave, paternity leave and adoption leave. According to a 2020 Society for Human Resource Management article, "Over half of employers (55 percent) now offer paid maternity leave, 45 percent offer paid paternity leave and 35 percent provide paid extended family care leave." The benefits of paid parental leave can … [Read more...]