You want to make your employees thrilled to work for you, but you don’t want to spend excessive amounts of money to do so. Knowing exactly when to spend on luxuries to pamper your employees can keep them happy without exceeding your budget. Here are some key ways to make the most of your luxury spending in your business
Rent an Executive Charter for Business Trips
Asking your employees to travel on behalf of your business can be a significant request. Your employees will need to spend time away from the comforts of home and family and be subjected to the stressors of travel. However, booking an executive charter is a great way to pamper your employees and eliminate some of the stressors of traveling.
With an executive charter, your employees won’t have to deal with the stresses of a commercial airline. There are more airports available and boarding and landing times can be adjusted to your exact needs. Besides, your employees will certainly appreciate your extra investment in their comfort if you book them a private charter.
Throw Great Parties
Your employees may be less likely to notice spending during their everyday life like improved snacks in the break room, more luxurious offices, and other everyday expenses. However, all of your employees are likely to remember a great party.
An open bar, gourmet catering, and great entertainment will create memories and stories that your employees will keep telling for many years to come. A great party can also make a powerful impression. Your employees are likely to see themselves as working for a more lucrative company than they otherwise would.
Be Sensitive to Employee Needs
One of the biggest optional expenses that you may consider is giving employees paid time off. If an employee needs to take off work because of a personal emergency, a medical situation, or on maternity or paternity leave, you may be faced with the decision of whether you should pay significant paid time off or require that employees dip into their savings to take the time.
Sometimes just being without a given employee for an extended period can be a significant hardship. However, being considerate to your employees’ personal needs and providing real care can go an extremely long way in building loyalty that will keep your employees happier and working for longer in the long term.
Spend Generously but Appropriately
There will invariably be times when you need to make significant expenses to keep your employees happy. Knowing exactly when and where to spend and spending generously where appropriate can actually result in long-term savings to your company, as well as happier and more loyal employees.