Beyond the Paycheck: 3 Ways to Create an Attractive Workplace

by Courtney LeCompte on June 26, 2017

in Compensation Toolkit

Welcome Spring!

For today’s organizations, the problem of how to effectively recruit, motivate, and retain employees is becoming an increasingly important issue. When a company’s culture is healthy and employees’ basic needs are being met, nonfinancial perks can make a difference in driving productivity and maintaining retention. Beyond the paycheck, here are three ways to create a happy, productive, and attractive workplace.

  1. The onboarding process. One effective way to show a new hire that they are valued (and that they made the right decision!) is to be ready for them when they arrive on their first day. An organized onboarding process will ensure a new hire is greeted with a welcoming environment of informed colleagues and with a fully-equipped workspace. This is also a great time to give away company swag, such as a new t-shirt or coffee cup. The faster new hires feel welcome and prepared for their jobs, the faster they will be able to successfully contribute to the organization’s mission.

  2. Donuts in the breakroom? When it comes to workplace perks, free food provides a simple joy to employees and can upgrade an okay day to an awesome day. According to a survey conducted by Peapod, the country’s leading online grocer, 67% of employees with access to free food at work classified themselves as “happy” or “very happy” with their current job. Free food can also be leveraged to foster team camaraderie and increase employee value. Free food is easily scalable to an organization’s budget and ranges from free lunches to coffee in the break room.

  3. Play hard, work hard. Last August, Cascade Employers Association hosted a month long employee Olympics event. There were team colors, various competitions (including searching for hundreds of “Where’s Waldo?” printouts around the office – many of us are STILL finding them), and even commencement and award ceremonies. It was a lot of fun! It also ended up being our most profitable month of the year. Who said employees cannot work hard and play hard at the same time? Numerous studies show that playing at work teaches employees to work together as a team, diffuses stiff work environments, decreases absenteeism, increases innovation and creativity for all ages, and releases stress. Allowing play in the workplace is good for business and employees.

When a company’s culture is healthy and employees’ basic needs are being met, nonfinancial perks differentiate companies from one another and communicate value to employees. The relative importance of nonfinancial rewards can vary significantly throughout any given employee population, so determining what appeals to your employees is the most effective way to increase employee value and create a happy, productive, and attractive workplace.

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