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Corporate benefits are now an important tool for retaining and motivating employees. This is an advantage that is provided above the rate of their financial valuation. Companies excel in their diversity and breadth of offer, which improves their attractiveness on the labor market. They also significantly reduce worker turnover, thereby helping to reduce the cost of recruitment.
What benefits are among the most common?
The offer of corporate benefits is diverse and varies depending on the industry and the size of the company. Employers try to cover different areas of employees' lives, from working conditions to leisure activities and wellbeing. The aim of these benefits is to create a pleasant and motivating work environment that promotes long-term cooperation and reduces staff turnover.
Implementation of benefits involves careful planning and the use of technological tools to monitor them, such as Pinya HR system.
The ideal portfolio of benefits is composed of traditional and modern benefits. We can divide them into several groups.
Health-oriented benefits
Investing in employee health returns in the form of lower morbidity.
Within health insurance firms offering its expanded coverage or contributions for supplemental health insurance.
Multisport map provides access to fitness centers, swimming pools and other sports facilities at a lower cost or free of charge.
Ergonomic equipment is a fundamental step towards effective work. These are office furniture and health-saving equipment (chair, mouse, monitor mat).
Wellness programs such as massages, rehabilitation, entry into the sauna world and relaxation procedures, are a step towards the mental balance of employees.
Financial benefits
Financial benefits are an important element of remuneration that not only supports the financial stability of employees, but also contributes to their overall satisfaction. Some of these benefits can be adjusted variably by the employer according to the employee's performance and their amount, so they are not fixed.
In 2024, an amendment to the law came into force, which regulates Exemption from taxation. Newly, benefits from income tax from dependent activities will be exempted only up to half of the average wage. After exceeding the amount of CZK 21,983, the benefits are considered taxable income of the employee and must pay tax.
Meal vouchers or meal cards are the most widespread benefit in the Czech Republic. In this case, the employer can claim the cost up to 55% of the price of the meal voucher.
Pension insurance is focused on the future financial security of employees. Its main advantages are the preservation of the standard of living in retirement and the feeling of a stable future.
Life Insurance Contributions include regular financial contributions from the employer, which may include both risk insurance, investment or equity life insurance.
Recruitment contributions are reflected in the referral program when a new employee starts.
Performance Rewards such as financial premiums, are paid for achieving certain work objectives or KPIs performance indicators.
13. salary and 14. salary are extra financial rewards in the form of additional monthly salaries in the year. These bonuses usually serve as a motivational tool and reward for employee loyalty and performance.
Non-financial benefits
Non-financial benefits can be established as part of the cooperation of the company with its clients, and thus often reflect the scope of the company.
Popular non-financial benefits are, for example, flexible working hours or an option home office. You can read more about their popularity in our article Hybrid models of the work environment.
In addition, we often find benefits such as corporate events, popular educational courses, contributions to sports and cultural activities or Sick days.
Unconventional Benefit Options
In addition to traditional benefits, there are many less common, but attractive options that can strengthen the company's image and distinguish it from the competition. What are the benefits?
Sabbatical is an option for a longer vacation that employees can use for personal development, travel or to relax and recharge. This benefit shows that the company values long-term cooperation and supports work-life balance.
Corporate Nursery is experiencing a return from the days of yesteryear, when they were disrupted en masse. Nurseries will provide care for employees' children directly within the company premises and make it easier for employees to reconcile work and family life.
Personal Development Courses are a very popular means of continuous employee development. Some of the favorites include language courses, stress management or time management. These courses can improve the work performance of employees and increase their contribution to the company.
Holiday allowance is a financial support provided by an employer that allows employees to draw funds for recreational activities and rest. This benefit contributes to the regeneration of employees and can increase their productivity after returning from vacation.
How to introduce new benefits
Introduction of new benefits in the company requires a systematic approach and thorough planning. New employee benefits are increased by the owner (in smaller companies) or by HR, which is the voice of their colleagues.
First of all, it is convenient perform an analysis Current benefits and evaluate their effectiveness. The next step is to find out what benefits employees would most appreciate.
Communication with employees is key - use questionnaires, workshops or focus groups to get feedback. Then draw up a plan for the introduction of new benefits.
When implementing them, it is necessary to ensure Employee Awareness through internal communication channels and training. Benefits must be clearly described and readily available in order to perform their function.
The use of the Pinya HR system can make it easier to register and draw them. The software enables effective benefit management and transparency for all stakeholders. A request for sick days or home office is simply sent by the employee to his supervisor and the approved absence is recorded in his calendar.
Benefit Benefit
How can the offer of benefits contribute to reducing staff turnover and helping to make the company's background more stable?
The most important point that brings benefits is creating positive corporate culture. Joint consolidation of the collective, corporate fruit days, work from home or just the fact that the firm does not create a competitive environment are factors that improve the working atmosphere, but also strengthen interpersonal relationships and increase motivation to achieve common goals.
Secondly, regular evaluation workers and giving them feedback shows that their efforts are not being overlooked. Motivate them by offering career development or a financial reward.
In the end, transparent communication and involving employees in decision-making processes makes them feel like they are a valuable corporate part. Communication relieves corporate tension from lack of information and prevents the spread of false claims.
With the help of the creation of questionnaires in our HR software, you can effectively analyze their impact on employee motivation and overall corporate culture. It will allow you to quickly identify the most effective reward strategies.
In order for the benefits to fulfill their function for you in Pinya HR Here are four tips:
1. Create a suitable mix for your employees.
2. Review the benefits every once in a while.
3. Include achievable benefits.
4. Communicate only selected attractive benefits from the company. Coffee in the office or other drinks are simply a common requirement.
