In recent times recruiting has become more challenging, with intense competition and a marketplace swamped by companies looking for the best employees.
When the job market is highly competitive, organisations start looking for ways to differentiate themselves, and one of the ways they do is by introducing Unilever employee benefits and perks.
The idea of increasing employee benefits is supported by most of the businesses across the globe. It is indicated that nearly 15-20% of HR professionals have altered their existing benefits program to recruit and retain talent.
Organisations should make sure that the benefits they are adding or enhancing have maximum impact.
Even the best perks and benefits can be poorly perceived if they are implemented incorrectly – we must all know that execution matters.
Before discussing the best way to implement an employee benefit, it is imperative to note that these are those moments when policies, procedures, and guidelines bring value.
Policies are known to offer structure and consistency, which helps with the overall implementation. So, when it is time to implement a new benefit, don’t shy away from creating it into a fully-fledged policy.
The following are some of the steps for implementing a new employee benefit.
- Make sure everyone is fine with the decision and the timeline.
This might sound obvious to many, but naysayers can derail the implementation of an initiative.
Take the time to get buy-in from every level of the organisation. That includes setting goals, developing a timeline, and establishing success metrics.
- Confirm the details with your legal advisor
Benefits laws are incredibly complex. Make sure that the new benefit is compliant with federal, state, and local law. Moreover, consider finding out if there are tax implications if the new benefit will impact employee’s paychecks.
- Align other company policies and procedures
Sometimes benefits can impact another existing benefit or policy of the organisation. That doesn’t necessarily mean it is bad, but organisations do need to be aware. Other organisational policies and procedures may need a little updating at the same time.
Make sure you do proper research and connect with a well-known company that has been in the business for the longest time, offering the best global reward solutions UK to businesses.
