Although many kinds of benefits are applicable to all industries — such as health insurance and paid time off — some are more relevant than others depending on the sector. Due to its nature, company-provided aid or assistance given to employees in the logistics and warehousing field can differ quite significantly from standard benefits.
Many businesses are concerned about their ability to continue providing their employees with job-specific perks during an impending economic downturn. Therefore, it begs the question: do employers need to give their workers benefits during economically challenging times? If so, what are the most important ones?
Let's take a look:
In short, yes.
While employers' worries about their financial stability and viability are certainly justified, they must continue to bear the prolonged skills and labor shortages in mind. Not having enough or the right staff is bad at the best of times, but it can be devastating during a recession when peak efficiency is most necessary.
Previously, workplace benefits were typically considered as "nice to have." Now, they've become a standard expectation. Whether a company provides adequate perks will often be the make-or-break factor for job applicants and current employees alike. Businesses need to make their prospects appealing if they want to attract and retain the best talent.
Therefore, it's essential to include an employee compensation package beyond just a monthly salary or time-based wage.
There are a few perks that are particularly relevant to the logistics and warehousing industries, whereas they may be largely inapplicable to others. They include:
Regardless of which workplace benefit option(s) you choose to provide, they're sure to help you keep employee retention and, consequently, productivity rates high.