What Are the Best Fringe Benefits Companies Offer Employees?
Exploring the myriad of fringe benefits that enhance the work experience, we’ve gathered insights from CEOs to HR Directors. From the flexibility in time management to the innovation incubator initiative, discover the top twelve unique perks that these professionals cherish at their companies.
- Flexibility in Time Management
- Remote Work and Convertible Notes
- Monthly Team Adventure Days
- Student-Loan Repayment Assistance
- Free Mental Health Support Platform
- Vacation Benefits and Airbnb Access
- Affordable Legal Plan Coverage
- Complimentary Supplement Samples
- Adventure Leave for Personal Pursuits
- Fully-Covered Health Insurance Plan
- Professional Development and Culture
- Innovation Incubator Initiative
Flexibility in Time Management
Flexibility to manage one’s own time, within reasonable limits, when the nature of the work allows, must be coupled with a commitment to get the job done.
Remote Work and Convertible Notes
I have worked with CODIFIC, a SaaS company offering software solutions in Ed-Tech, HR-Tech, and AppSec, for over three years. I value the fringe benefits this company offers, as it includes a dynamic work environment that embraces remote flexibility and convertible notes.
The ability to work remotely enhances my work-life balance and empowers me to optimize productivity in a personalized setting. CODIFIC’s commitment to flexibility is a game-changer, allowing me to tailor my work hours to my peak performance times and fostering a healthier work routine.
Including convertible notes adds a unique financial dimension to the benefits package. These notes, vesting over time, align my interests with the company’s growth, creating a sense of shared success. This innovative approach serves as a powerful motivator for employees to actively contribute to CODIFIC’s long-term objectives and cultivate a collaborative team spirit.
Monthly Team Adventure Days
The most remarkable fringe benefit I’ve ever relished during my tenure at a previous company was the “Adventure Day.” Instead of the conventional corporate perks, our company orchestrated a monthly adventure where we embarked on unusual escapades.
From skydiving over the weekend to spelunking in hidden caves, these experiences not only bolstered our team cohesion but also fueled our creativity. One memorable adventure involved navigating an intricate maze blindfolded, metaphorically symbolizing the unpredictable challenges we face in the business world.
It was an unconventional approach that not only ignited our adrenaline but also sparked innovative ideas during our post-adventure brainstorming sessions. This unique fringe benefit not only rejuvenated our spirits but also fostered a work environment that encouraged risk-taking and innovative thinking.
Student-Loan Repayment Assistance
The standout fringe benefit for me is student-loan repayment assistance. This specific perk was a valuable financial support system, effectively easing the weight of my student-loan obligations. I found it to be an exceptional benefit, and with each payment, I felt a deep sense of appreciation towards my employer.
Given that it’s not a commonly offered benefit, it truly distinguished my workplace experience. This benefit has undeniably been a significant and appreciated resource. More employers should definitely consider providing this benefit.
Free Mental Health Support Platform
My company gives employees free access to Mindgram—an all-in-one mental care and well-being platform. It offers high-quality psychological and self-development support 24/7. Thanks to the platform, you can start therapy, participate in coaching sessions, watch videos, take part in online events promoting mental health, and many more.
Noteworthy, psychological care goes hand in hand with employees’ privacy. Mindgram is a safe space where they may anonymously and directly talk with a qualified psychologist. What’s also great is that every employee can invite one person to the platform (so the person can also use it for free, having their own account).
This form of mental health support is definitely my favorite fringe benefit. I’m very grateful for such an initiative as the help I got through the platform—absolutely for free, let me emphasize it once again—has changed my life for the better.
Vacation Benefits and Airbnb Access
The company I currently work for, Find My Profession, gives their employees the benefit of a free week at our CEO’s Airbnb in Colorado and 1-5% of our salary (according to the number of years you’ve worked at FMP) to use on a vacation per year. It’s quite amazing and shows that the company values the well-being of its employees and understands the importance of work-life balance.
This benefit provides an opportunity to relax, recharge, and explore new destinations, which can be incredibly rejuvenating. It’s a generous perk that enhances the overall compensation package and demonstrates the company’s commitment to supporting its employees’ personal time and well-being.
Affordable Legal Plan Coverage
At my last three employers, I have always signed up for the supplementary legal plan. In my case, the plan was always offered through MetLife, but I imagine there are other providers.
The benefit is under $10 per month, and it provides fairly robust legal representation for a host of typical situations. We have used it for closing on a home, developing a last will and trust, and a number of smaller legal inquiries. For less than $120 a year, I have received so much value.
Complimentary Supplement Samples
Free supplements. I work for a supplement retailer, so we’re always getting samples from manufacturers to try out.
We also run a YouTube channel where we review supplements, so a lot of companies send us supplements, energy drinks, protein bars, and other functional foods to try.
I work out and take supplements, so not only is it fun trying all this new stuff, but it also saves me money not having to buy supplements.
Adventure Leave for Personal Pursuits
The best fringe benefit I’ve enjoyed at my company is the Adventure Leave policy. Once a year, we get an extra week of paid leave specifically to pursue a personal adventure or hobby. It’s not just about taking time off; it’s about encouraging us to explore new experiences and passions.
Last year, I used this time for a hiking trip in the mountains. It was rejuvenating and helped me return to work with fresh energy and ideas. It’s a unique perk that really adds to my job satisfaction.
Fully Covered Health Insurance Plan
The fully covered health insurance plan gave me peace of mind, knowing my family would be taken care of if illness or injury occurred. Comprehensive benefits like this show a company’s commitment to its employees.
Not having to worry about healthcare costs has removed significant financial stress. I’m able to focus on my work, knowing my family is protected.
Professional Development and Culture
Now that I’ve experienced the trials of running a business, I know how important it is to have a healthy work culture. One of the fringe benefits I’ve always appreciated is flexibility. Working and living at my pace has changed everything for me.
A strong professional development program was one of the best fringe benefits I’ve experienced at a company I used to work for. Investing in personal and career development isn’t just about the money but the culture.
I could access workshops, courses, and mentorship programs that helped me develop my skills and created a culture of ongoing learning within the company.
I’ve learned this as an entrepreneur, which I’ve taken to the next level with Travel-Lingual. We’re all about the growth and success of our people, and we know that a motivated and talented team is the foundation of any successful business.
It’s important to remember that this isn’t just about the benefits; it’s about creating a culture that invests in and values its people.
Innovation Incubator Initiative
One of the best benefits I enjoy as a tech company CEO is the company’s supportive attitude toward idea cultivation. Knowing my input can spark change is empowering. We have an “Innovation Incubator” initiative where anyone, from interns to management, can propose new ideas.
Those with potential are then nurtured into full-fledged projects. This benefits both the company’s growth and the employees’ professional development. It also cultivates a culture of inclusivity and drives everyone to think innovatively.
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