One of the tactics more organizations are using in their all-out quest to attract and retain employees is bolstering their perks programs. Understanding that salary and benefits only go so far in keeping employees motivated and content, HR and benefits leaders in many industries are expanding their nonwage offerings like wellness stipends, flexible work arrangements, student loan repayment, family formation benefits, pet insurance and more.
But the reality is, even the best perks programs won’t succeed if the stipends aren’t easy for employees to use, if workers remain unaware of what’s available to them or if the administrative burdens of managing perks prove too onerous for small HR teams.
