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Maximize Happiness in the Workplace: A Guide to Employee Benefits

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Smiling happy male employee experiencing increased job satisfaction due to his employee benefits
Greta Cline, CFO
Greta Cline
Partner, CFO/COO
October 15, 2024
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Today, we’re tackling a topic that doesn’t always spark immediate excitement: employee benefit packages. 

Navigating the world of benefits can be a daunting task, whether that’s Health Insurance, PTO, a 401K contribution, or a flexible work arrangement.

Regardless of what your team looks like, big or small, remote or in-office, employee benefits deserve your attention, and doing it right can be life-changing for your employees. 

Here’s what you need to know:

How + Why Benefits are Life-Changing

Fulfilled, happy, and smiling male employee

People spend a significant chunk of their lives at work, and investing in the health and happiness of your employees is not only the right thing to do – it also produces a ripple effect that can positively impact your entire organization.

Positive Impact on Employee Wellness

When you provide health and wellness benefits, you contribute to the physical and mental well-being of your employees by making sure they can enjoy a healthy lifestyle with fewer financial barriers.

What may look like “just health insurance” to one person, may be someone else’s ability to start family planning, undergo an important medical procedure, or get the professional mental health support they need – all of which can improve someone’s quality of life. 

Increased Employee Morale

Happy female employee smiles with high morale


When employees feel that their employer cares about their growth and well-being, it creates a sense of dedication that often boosts employee morale. 

A study by SHRM showed that 92% of employees say their paid time off affects their overall job satisfaction.

Long story short: increased job satisfaction = increased morale.

When you offer a benefits package that truly resonates with your employees, you’re not just supporting the work they do—you’re showing that you value them as people. It’s a win-win, where they feel cared for on a personal level, and that’s the foundation of a great working relationship.

Fair Pay

There’s a reason that most employees want to learn more about your benefits package before accepting a new position. In fact, a 2021 Glassdoor survey found that 60% of people strongly consider the company’s employee benefits before accepting a job offer. 

Benefits clearly play a role in the decision-making process. Many professionals have been in the workforce long enough to know the role benefits play in their overall job satisfaction and well-being. 

This affirms what we’ve long known: a solid employee benefits package is a key factor in attracting and retaining top talent.

Advantages of Employee Benefits for Organizations

A group of employees who have experienced the advantage of great employee benefits

Competitive benefits aren’t just in the best interest of your employees. These benefit packages play a significant role in shaping the overall success and reputation of your entire organization. 

Here’s how 👇🏼

Higher Employee Retention Rates

Investing in your employees’ skills and well-being makes them more likely to stay with your company for the long haul. 

Providing great benefits helps create an environment where employees feel invested in the success of the company. For example, a survey by United Insurance revealed that 78% of employees were drawn to stay at a company because of their benefits. Not to mention, when an employee leaves your organization, the costs quickly add up between recruitment, onboarding, training, and productivity losses.

In many cases, it can be cheaper to invest in your employee benefits package than it is to lose your top talent to a company that is.

Increased Employee Productivity

When employees have peace of mind knowing their health, financial, and personal needs are taken care of, they are more likely to bring their A-game to the workplace.

Oxford University’s deep dive into happiness and productivity reveals that happy employees are 13% more productive than unhappy employees. 

By nurturing employee well-being and happiness, you’re giving your company the chance to achieve the productivity that can drive your business toward growth.

Want to empower your team to bring their best selves to work every day? Give them the tools to do so. 

Healthy Workplace Culture

A workplace full of people who have opportunities to be happy and healthy creates an overall positive atmosphere. 

And when employees feel valued not just for their work, but for who they are, they’re more likely to foster great teamwork and build positive relationships with their colleagues. 

As a result, your workplace culture becomes one where your team feels motivated, connected, and inspired to do their best.

How to Manage Employee Benefits

That's Good HR managing employee benefits

Making sense of employee benefits can be daunting, but there are a few things you can do to provide better support for your employees and alleviate your mental load. 

Understand Your Employees’ Needs

It’s simple really. Talk to your employees to better understand what kind of benefits would be most valuable to them. By tailoring your benefits to the team’s long-term goals and desires, you can be sure that your benefits truly serve their purpose. 

Prioritize the Benefits that Matter Most

Of course, health insurance is crucial, but consider expanding your offerings to also include mental health support, wellness programs, or flexible work arrangements. Remember: your benefits don’t have to be costly to be valuable to your team. 

Communicate Benefits Effectively

It’s not enough to provide great benefits. It’s good corporate stewardship to make your employees aware of what is available to them. Clearly communicate the full extent of the benefits you offer, how to access them, and the value they provide.

Leave the Employee Benefits to Us

At That’s Good HR, we understand the challenges that come with managing employee benefits. Our team can work with you to find a benefits package that not only meets legal requirements but truly supports your employees. 

Make a positive impact on the lives of your employees and the success of your organization. Contact That’s Good HR today to learn more about how we can help.

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