Sometimes it's the small things that make the biggest impact.
For example, paying it forward in the drive thru can turn someone's entire day around. Small donations to your favorite charity can add up to support larger initiatives. And simple everyday activities like recycling helps save the planet.
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As a small business leader, it's important to identify small steps you can take that have a big impact on your workforce. By supporting the moments that matter most to your employees you can improve overall experience, culture and even business outcomes as a way to energize your talent. Take the following scenarios into consideration:
Moment that matters: Purchasing a new home
HCM technology that offers self-service functionality makes it simple to support your employees when they make big purchases – whether it's for something like a new car or a new home. For example, employees can use self-service to download paystubs and salary information from anywhere and at any time, which means they can make life-changing purchases even outside of working hours!
Moment that matters: Time off for daughter's dance recital
Sometimes moments that matter can sneak up on your employees, which is another reason why it's important to empower them the right technology. Let them check their PTO balance and request time off for events like their daughter's upcoming dance recital while on the go so they're less likely to forget to do it on Monday morning. This functionality not only results in better employee experiences and employee financial wellness, but also less administrative work for your small business's HR team.
Moment that matters: Taking an unplanned vacation
An unplanned trip sounds nice, but if an employee needs to wait until payday then their spontaneous adventure quickly becomes much less exciting. Offering on-demand pay, however, can remedy this problem and ensure you're supporting employees when they need it. This benefit gives your workforce access to earned wages so they don't have to wait until the next pay period to spend their income.
Moment that matters: Making a social impact
Sixty-seven percent of employees say it's important that their employer empowers them to support the causes they are passionate about at work. A corporate social responsibility (CSR) program allows your small business to do just that while providing a sense of belonging and energizing talent. When implementing this type of program, it's important you make sure the technology being leveraged enables employees to choose which causes they want to donate to. This not only has a positive impact on the community, but also keeps your workforce engaged.
Moment that matters: Planning for retirement at age 65
Perhaps the biggest moment that matters to employees is retirement. In fact, retirement planning is important to prospective employees too – with 44% saying retirement benefits motivate them to accept a job offer according to that same survey. This means offering retirement options, such as 401(k), not only allows you to support them in planning for the moment that matters most in their career and support their financial wellness, but also gives your small business a competitive advantage when it comes to recruitment and retention.
These are just a few ways you can support your employees when they need you the most. The right combination of HCM solutions and services can help you energize workforce, while also assisting you in delivering positive employee experiences (even when it's outside of working hours!).
Pragya Malhotra, chief product officer at isolved
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