If you're the owner of a contracting business, keeping employees comfortable and satisfied in their roles is an important task. There are several methods of doing so, one of which involves offering various perks as part of their employment.
At Contractors School, we regularly offer basic expertise to existing contractors in addition to the contractor licensure and other courses for aspiring professionals in this field. What are employment perks, and why might you consider offering them? Here's a primer.
An employment perk refers to a benefit an employer offers as part of a job. Besides wages, most perks are non-monetary in nature and intended to directly improve the quality of life for employees. Depending on their nature, the benefits might be available upon employment or during employment.
There are several potential reasons contracting businesses may offer perks to their employees, including:
If you do decide to utilize employment perks as a tactic for keeping employees happy, it's important to be consistent. This includes finding ways to communicate your intentions using the same standards so that each employee is treated equally and fairly.
Employment perks often have minimal costs associated with them from a business perspective, allowing you to offer several benefits at once without sacrificing profits. Some of the most popular perks are the ones that allow employees to use their time for other pursuits, which helps them feel valued.
For more on the concept of employment perks for contracting business employees, or to learn about any of our contractor license courses or other resources, speak to the staff at Contractors School today.