Collector - January 2018 - 34
Above and Beyond
Facing a competitive
compensation landscape, some
companies are getting creative
with their benefits and perks.
This is a burgeoning benefit
category that encompasses
a huge range of perks beyond the
and dental coverage. KeyBridge
Medical Revenue Care has an on-site
gym that's open 24-hours a day, so
employees can stay late or come in on
the weekends to work out.
To encourage employees-and
their partners-to maintain a healthy
lifestyle, ConServe offers regular
health screenings for employees, with
a reward stipend for participation.
Other simple wellness ideas: give
employees the option to use standing
desks, pick a few local fun runs and
offer to cover employees' entry fees,
host a flu shot day each fall or try
bringing in fresh fruit once a week to
encourage healthy eating habits.
It's something we all
struggle with-the quest
for the ideal work-life balance-and
increasingly, employers are stepping
up to help out.
Flexible work schedules or
compressed workweeks, either tailored
to an individual worker or offered
as part of an incentive package to
reward high performers, can help keep
employees happy and productive.
Professional Finance Company
gives full-time employees a $200
monthly allowance to help them cover
day care costs at a licensed facility.
"I would not be able to afford day
care nor continue working a full-time
position without this benefit," said
employee Lili Meza. "It is such a great
privilege to have this available!"
The company also has a partnership
with a day care located just a
few blocks from the office where
employees get a 5 percent discount
on top of the monthly child care
allowance. "It's great for us too
because it's a tax write-off for the
company," said Jill Scott, human
Employee tuition assistance
programs can help sharpen workers'
skills and show your support for their
professional development. At ConServe,
full-time employees who have completed
at least six months of service are eligible
for participation in the company's tuition
Similarly, though they are not
tremendously widespread yet, student
loan repayment assistance programs
are making inroads in the corporate
world. For example, Pricewaterhouse
Coopers' student loan paydown
program gives associates or senior
associates $1,200 a year to repay a
There are other ways employers can
help employees get ahead. Windham
Professionals offers a six-month
financial coaching program that teaches
employees budgeting and credit
management skills, such as how to fill
out a Federal Application for Financial
Student Aid form or what they should be
doing to prepare for retirement.
Tracy Ward, senior director, talent
engagement, said the program has
been life-changing for participants.
"When we piloted the program, 78
percent of the participants tripled their
bonus earnings from the first three
months to the end of the program,"
she said. "Now we are seeing credit
scores increase an average of 100
points with more than half of the
participants in a six-month period."
You don't need to give
vacation days or fancy catered
lunches-sometimes the smallest
things can make a big impact.
Is your office dog-friendly? Canine
companions in the workplace are
increasingly common, and wellbehaved pets can be great at lowering
stress levels. Develop a policy of dos
and don'ts for dog owners before
rolling out the red carpet, and take into
account employee allergies too.
Other ideas: you could bring in
snacks on Fridays, stock the break
room fridge with free sodas or throw
family picnics and office potlucks.
Team Recovery gives employees a
paid day off on their birthday, plus a
$50 gift certificate.