Examples of real-life benefits programs cited in our HR Specialist: Compensation & Benefits newsletter:
Open books, educated employee. The owner of Anthony Wilder Design/Build near Washington, D.C., hired a coach to teach his 30 employees about business finance. He’s opened the books and started giving bonuses based on quarterly profits instead of performance, so workers have a stake in the firm’s success. Result: New employee-generated cost-cutting ideas, such as canceling the text-message service on business phones.
‘Biggest Loser’ is flying high. About 4,000 employees lost a collective 30,000 pounds during an employee weight-loss contest sponsored by Innovative Senior Care. The winner, who lost more than 100 pounds, was able to choose his own prize. His choice: his first skydive, which he described as “a pure rush.”
It pays to age. Employees who have worked at least 25 years at Securian Financial Group in St. Paul, Minn., can join the organization’s North 25 Club, a social group open to longtime employees and retirees. And when they turn 50, they can attend a company-sponsored, multisession retirement-income planning course. About 300 of the firm’s 2,600 employees have worked there 30 or more years.
Enterprising intern plan. Half of the 2,000 college seniors who intern at Enterprise Rent-A-Car wind up working there after graduation. Reason for the high conversion: Interns go through extensive training, work side-by-side with managers and work with on-site mentors. Enterprise recruiters stay in touch with ex-interns when they return to school.
Face time. At the Michigan offices of auto supplies manufacturer Johnson Controls, execs devote a quarter of their time to talking with the 1,800 employees. Plus, execs keep their office doors open and eat lunch in the employee cafeteria most days. One exec invites 30 employees to join him for dinner once a month.
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