Great companies want to attract the best talent and keep them happy. While there’s no one-size-fits-all way to go about this, the company I work for offers incredible perks to its employees. And you’ll notice that “flexibility” is a key theme.
I work at The Penny Hoarder, one of the largest personal finance sites dedicated to helping readers save and make extra money. The company offers a number of family-friendly benefits so employees can do their best work without sacrificing their important time outside of the office.
Some of the family-friendly benefits offered at The Penny Hoarder:
- One work-from-home day per week. Every full-time employee is offered the opportunity to work remotely one day Monday through Friday. It’s not mandatory, but almost every employee takes advantage of it. You get to skip the morning commute, stay in your pajamas all day if you want, and get some deep work done from the comfort of your own home.
- Flex time. If you need to come into work a little late or leave early, you can. The company is super flexible if you have a doctor’s appointment, your kid’s soccer game, or another life event that might impact your working hours.
- Unlimited sick days. There’s nothing worse than coming to work incredibly sick and struggling through the day with your brain in the clouds. With unlimited sick days, you don’t have to worry about how many times you’ve called in sick throughout the year—you can take the day off and rest up, worry-free. Not to mention, it helps keep your coworkers healthy!
- Company-paid health insurance, plus short- and long-term disability. The company covers 100% of the costs for every employee’s (plus their family’s) health insurance premium, and short- and long-term disability coverage.
- Paid parental leave. Available immediately for all full-time employees, The Penny Hoarder offers eight weeks of paid maternity and paternity leave.
- Mother’s room. The Penny Hoarder debuted a custom-built office in October 2017. The space includes several specially designed rooms, including a mother’s room. We have a few new mothers on staff who have already taken advantage of it, including Alexis Grant, our executive VP of content.
I spoke with Erin O’Neill, our people and culture manager, to get some insight on the benefits and workplace flexibility offered at The Penny Hoarder.
Focusing on Flexibility at the Beginning
Long before O’Neill joined The Penny Hoarder, there were conversations about providing work-from-home days and flex time to employees.
“What we found is that in offering these benefits to the staff, it builds trust and it builds a mutual accountability,” O’Neill says. “Here’s what we’re offering, with the understanding you’ll be doing your best work.”
It’s also important to the company to cater to staffers in different stages of life. For instance, the mother’s room in the new office. This room serves as a quiet, private space where moms can pump throughout the day as needed.
“More and more companies are doing the mother’s room, and we’ve already had staff take advantage of it,” says O’Neil.
Check out the Penny Hoarder office:
Achieving Balance at Work and at Home
“For us, it’s more like work-life integration,” explains O’Neill. “Because our core hours are typical to the majority of the business world, most personal things are going to conflict with those hours.”
Life happens, and the company understands that. “The ability to be accountable to do your job, but know you have the freedom to fix your car, fix you kids, fix your dog, fix your apartment—all those things will happen when you’re ‘on the clock.’ For us, it’s a give and take,” she says. With flex time, employees have the ability to work with their manager to take care of life outside the office.
Adjusting Benefits as Needed
So what’s the employee response been like? “Overwhelmingly positive, of course,” says O’Neill.
She estimates that 100% of employees take advantage of the workplace flexibility—especially the weekly work-from-home day. On a personal level, O’Neill says, “it makes me adore this place even more, and therefore I’ll work harder.”
At first, some of the policies were done in a more typical, corporate way, like the parental leave policy. You had to be employed full-time for a year before you were able to take maternity or paternity leave initially. However, this was recently adjusted for a loyal staffer so he could spend time with his wife before she gave birth.
“There is no longer a waiting period for parental leaves,” says O’Neil. “We make changes to accommodate needs we hadn’t considered officially.”
Jacquelyn Pica is a writer for The Penny Hoarder. Find her on Twitter @JacquelynTPH.
Photo Credits: Randy Van Duinen