Benefits...that ACTUALLY benefit! 🧘‍♀️

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The 7people Podcast: Your Guide to Creating Irresistible Organizations

7people

19 episodes

1 week ago

People & Culture insights, practical tips and guaranteed laughs, with HR consultants Paul and Flo from 7people. Every month we explore a new trending or important practical HR topic, sometimes with a guest. Join us as we dive into the weird, funny, and strange situations we encounter in our day-to-day HR work ☕️. (Formerly known as Have You Got 5 Minutes?). 7people is a HR consultancy based in Amsterdam. We help the coolest start and scale-ups around Europe (and beyond) become irresistible organizations, so that they can attract, develop and retain the best talent to fuel their growth.

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Benefits...that ACTUALLY benefit! 🧘‍♀️

The 7people Podcast: Your Guide to Creating Irresistible Organizations

34 minutes 30 seconds

9 months ago

Benefits...that ACTUALLY benefit! 🧘‍♀️

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.

CHAPTERS

Benefits 101 

00:00 Intro

00:34 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 working

Avoiding 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 fair

Deep 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 considerations

Dilemma case study breakdown 

25:15 Higher salary or better benefits? 

26:48 Benefits as a behavioural tool

Practical toolkit 

28:34 Our best budget benefits hack 

30:40 Linking benefits to values

Key takeaways 

31:38 Audit, analyse, be flexible, adapt 

32:47 Focus on foundations + impact, not just fun