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Listen "Benefits...that ACTUALLY benefit! 🧘♀️"
Episode Synopsis
A great benefits package isn’t just about throwing some trendy perks at employees, and hoping for the best.They can significantly help attract, retain and amplify talent to drive business success.But, ONLY when they're strategically designed to meet your specific workforce's needs, and align with your business goals.Join 7people People & Culture professionals Paul and Flo as they discuss: Benefits 101: Benefits vs perks vs ways of working. What’s the difference, and how should each be handled? Common benefits pitfalls: Why lack of benefits flexibility, inclusivity and personalization to your org = time and money killers. And how to solve them! Maximizing impact: We explore trending benefits topics like wellbeing and parental leave, using benefits as behavioural incentives, and building leadership buy-in. Making it practical: Where to start with picking the right benefits? Plus, we share our favourite low-cost, high-impact benefits strategy!Packed with fresh insights, actionable takeaways and engaging real-life scenarios to mull over, this episode offers a great crash course on the world of benefits, and how to make them work for your org.CHAPTERSBenefits 101
00:00 Intro00:34 Why do benefits matter?
02:48 Changing needs over time
04:07 Benefits vs compensation
05:40 Benefits vs perks
09:36 Benefits vs ways of workingAvoiding common pitfalls
10:25 Tailor to your org
12:37 Always ask why (not just go with the loudest voice)
13:26 Not REALLY a benefit…
14:10 Flexibility is key (pensions, holiday allowance)
16:09 Keeping commuting allowance fairDeep dives
18:18 Trending: wellbeing
19:34 Missed opportunities
21:26 Convincing leadership
22:20 Trending: parental leave
24:06 Where to start impact analysis?
24:50 Tax considerationsDilemma case study breakdown
25:15 Higher salary or better benefits?
26:48 Benefits as a behavioural toolPractical toolkit
28:34 Our best budget benefits hack
30:40 Linking benefits to valuesKey takeaways
31:38 Audit, analyse, be flexible, adapt
32:47 Focus on foundations + impact, not just fun
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