According to Manpower, employee benefits are additional benefits that employees receive when working in addition to basic salary. This is a way for the company to express its concern for the material and spiritual life of employees, helping employees feel secure, comfortable and motivated to stay with work and the working environment for a long time.
In addition to the basic benefits stipulated in the labor law, each company will have different policies and types of benefits for employees, depending on many factors such as business size, operating sector, financial capacity, industry characteristics or strategy to attract and retain talent.
Manpower Company gives important reasons why employee welfare.
For employees
When you first started working, you might think a high salary is enough. In fact, employee welfare is equally important, as it directly affects the work experience and motivation for long-term attachment. These are the benefits that employees will receive from company benefits.
• Improve material and spiritual life: Company benefits such as lunch allowances, insurance, medical services... help workers and their families save costs, thereby feeling more secure, reducing stress and focusing better on work.
• Improve work performance: A relaxed, healthy spirit is guaranteed to help employees work more effectively, improve productivity and work quality. This is also the money for workers to develop or improve their careers.
• Longer stick together: A birthday gift, a team-building session or simply a flexible leave policy - all show that the company is truly caring for employees. Therefore, working in companies with good welfare policies will make employees tend to stay with the company for a long time and contribute more to the enterprise.
For businesses
On the company's side, labor benefits are not only a right for employees but also an important part of the company's strategy. Here are the main reasons why many businesses are willing to seek to invest large budgets in smart and diverse welfare policies.
• Competitive advantage in recruitment: An attractive employee welfare policy is a key factor in helping businesses find talented, high-quality candidates, especially in the current competitive and scarce recruitment market.
• Reduce costs: Reducing the rate of unemployment thanks to employee attachment means that businesses will save significantly on costs for recruiting and training new employees.
• Comply with the law: Developing and implementing appropriate employee welfare policies not only helps businesses ensure the rights of employees but also demonstrates compliance with current legal regulations on labor, avoiding unnecessary legal risks and disputes.
• Building culture and brand: When employees are satisfied with the company's welfare regime, they will spread positive values, helping businesses develop sustainably and build more prestige in the market.
