The benefits and perks offered to hourly workers are limited—and that’s a problem!
A recent Society for Human Resource Management study found that 60% of survey respondents said benefits were extremely or very important when considering whether to stay with their current employer. Salaried and full-time employees often get the full suite of benefits…while hourly and part-time workers are left with very little to keep them with you.
It’s no secret that financial struggles are one of the biggest challenges hourly workers face. From managing unpredictable incomes to covering emergency expenses, they lack access to the support systems many full-time workers enjoy. That’s why offering financial health benefits is necessary!
These essential benefits and perks for hourly workers help them stay afloat. Plus, they improve morale, boost productivity, and even reduce turnover. Ready to dive in? Let’s break it down.
Overview of the Importance of Financial Health Benefits
Financial health benefits create stability in an employee’s life. They help workers manage day-to-day expenses and plan for the future. Additionally, they provide support in unexpected situations without spiralling into stress. Benefits and perks that are essential for hourly workers are lifesavers as they deal with irregular schedules and fluctuating incomes.
Offering financial benefits isn’t just about the paycheck; it’s about showing your team that you value their well-being. Employees who feel supported are more likely to show loyalty and stay motivated.
Moreover, hourly workers have generally been excluded from the benefits conversation for years. Traditional benefit structures cater to full-time employees, leaving hourly workers with limited access to retirement plans or even basic financial education. The unpredictable nature of hourly work adds to the challenge.
Many workers juggle multiple jobs–including gig work–or rely on last-minute shifts, making budgeting difficult. Hourly workers are vulnerable to financial stress and instability. It is a fact that 60% of gig workers are not offered benefits from their gig platform, but they want them. However, 77% of gig workers offered a benefits program take advantage of it. Wondering why some don’t take advantage? They’re too expensive! But don’t worry—that is where Avibra can help.
For employers that provide the platform, Avibra offers free financial counseling with real, nonprofit counselors to part-time workers. There’s also a Subsidy Navigator, a Bill Negotiation service, Rx Savings and many more free benefits that help your hourly worker stay financially stable.
With Avibra, your hourly employees can choose to add more coverage with protection, financial, and wellness benefits by paying just $1 per week each. Businesses that recognize these struggles and address them head-on can lead the way.
Also Read: How Your Good Habits Can Earn You No-Cost Life Insurance with the Avibra App
Now is the time to focus on solutions! Do you want to bridge the gap between financial insecurity and workplace satisfaction? Consider providing meaningful benefits and perks. Let’s explore the essential benefits and perks that support hourly workers and empower them to thrive.
Benefits and Perks That Are Essential for Hourly Workers
When you invest in your team’s future, they’ll invest in your business’s success. Let’s discuss how you can improve work, one benefit at a time!
- Health Benefits & Perks
- Medical Benefits & Perks
Medical insurance is the holy grail for workers, but most employers of part-time workers know it’s not in the cards. That doesn’t mean that there’s nothing they can do for those hourly workers, though!
Avibra’s Rx savings benefit saves workers an average of $113 per prescription every month. In the Dollar Benefits Store is Telemedicine, which can help workers save over the cost of an in-office visit–plus they can work it around their schedule. The Doctor Discount Network benefit can get them access to preventative medical care for a fixed cost.
- Dental and Vision
Dental insurance in the U.S. tends to function a bit more like a payment plan for cleanings, plus a little bit in savings for additional work. Maximum coverage is quickly hit under nearly all dental insurance plans, with the rest being out-of-pocket for the worker. Vision insurance is much the same. Avibra’s Dental and Vision benefits provide savings on more involved care that they’d be unlikely to see with common insurance plans.
- Accident and Life Insurance
AD&D and life insurance provide peace of mind for your hourly workers and their loved ones. That’s the backbone that all of Avibra was built on top of.
- Educational and Professional Growth Support
- Educational Aid
Tuition savings perks or scholarships open doors for employees to pursue further education. Whether it’s finishing a degree or gaining certifications, educational aid supports their personal and professional growth. This benefit not only boosts employee morale but also brings new skills and knowledge back into your organization.
- Training and Development
Investing in training shows employees that you value their growth. Workshops, on-the-job training, and leadership development programs prepare employees for advancement within your company. Skilled employees feel more confident and are better equipped to excel in their roles, making them a valuable asset to your team.
- Mental Health and Well-being Resources
- Mental Health Support
Hourly workers often face high stress from balancing multiple responsibilities. Providing access to mental health resources like counseling services, employee assistance programs (EAPs), or wellness apps can help them navigate challenges. When employees feel supported, they’re better able to manage stress and maintain a positive outlook at work.
- The Overall Impact on Productivity and Employee Satisfaction
Mental health resources don’t just benefit the individual—they benefit the entire organization. Employees who feel mentally and emotionally balanced are more productive, collaborative, and engaged. These resources create a supportive environment that fosters loyalty and improves overall job satisfaction.
Also Read: 10 Tips to Manage Your Debt
Avibra offers a comprehensive suite of benefits to enhance the well-being of hourly workers. Let’s dive into the overview of the key offerings.
Avibra’s Free Safety-Net Benefits for Workers
Avibra’s offerings provide workers with a robust safety net, ensuring financial security, well-being, and access to essential resources—all at no cost. Here’s a breakdown of benefits and perks that are essential for hourly workers:
- $15,000 AD&D Insurance
This Accidental Death and Dismemberment (AD&D) insurance provides financial support in the event of a major accident. Workers and their loved ones can rely on emergency cash to navigate challenging times without added stress. Workers get $10,000 in AD&D insurance immediately and then can earn an additional $5,000 in the Well-Being Advisor.
24/7 Well-Being Advisor
Employees can access many resources, including yoga tutorials, guided meditations, gratitude journals, and more. These tools help improve mental and physical well-being, encouraging healthier and more balanced lifestyles. This is where they’ll earn that extra $5,000 AD&D insurance.
$1,000 Life Insurance
Workers immediately receive $1,000 in life insurance coverage to protect their loved ones. This benefit provides peace of mind by ensuring financial security in case of unforeseen circumstances.
Credit Counseling
Access to HUD-approved counselors helps workers with first-time homebuying and other homeowner-related questions. This support empowers employees to make informed decisions about their financial futures.
Housing Counseling
Licensed counselors offer personalized guidance to improve credit scores and address credit-related concerns. This resource helps workers navigate the often-confusing world of credit management.
Debt Consolidation
Licensed professionals assist workers in exploring debt consolidation options, enabling them to manage and reduce debt effectively. This service alleviates financial stress and creates a clearer path to financial freedom.
Rx Card
With the Rx Card, employees can save significant amounts on prescriptions. Every time they shop for medications, they can use the card to reduce out-of-pocket expenses.
Work Lotto
This unique benefit rewards workers with the chance to win cash prizes ranging from $1,000 to $50,000 simply for completing their shifts. It’s an exciting incentive that boosts morale and engagement.
Subsidy Navigator
Avibra provides information services to help workers save money by navigating available subsidies. This tool is particularly helpful for individuals seeking to maximize their resources.
Discounts & Savings
Workers enjoy discounts on travel, entertainment, family needs, and more. This benefit helps employees stretch their budgets and enjoy life’s little extras.
Child Care Discounts
Avibra offers savings on child care services in the worker’s local area, making it easier for employees to balance work and family responsibilities without breaking the bank.
But that’s just the beginning! You can provide your hourly worker access to telemedicine, teletherapy (including for kids), chiropractic, and alternative medicine benefits. It also includes family vision and dental savings. Additionally, it helps to stay ahead with identity theft monitoring and legal review tools.
Plus, perks like roadside assistance, a rental car benefit, and even discounts on home electronics and appliances make life easier. The Dollar Benefits Store ensures peace of mind for your hourly or gig workers—all for just $1 a week each.
Sounds amazing! Curious to learn more? Book a demo with Avibra today.
Also Read: 10 Tips for Building Your Credit Score
As we reflect on the transformative impact of these benefits, it becomes clear how they contribute to individual and organizational success. It’s time for a wrap-up!
Conclusion
At the end of the day, having access to the right benefits and perks that are essential for hourly workers can make a big difference. These benefits help create a stronger financial foundation and improve overall well-being. They’re not just perks but tools that can ease daily stress, make planning for the future easier, and bring more balance to life.
For employers, offering inclusive benefits means doing the right thing, which is also smart business. When workers feel valued and supported, they’re more likely to give their best. It’s a victory for all! Employees feel more secure, and companies benefit from a stable, motivated team. Together, these benefits ensure that everyone can thrive at work and in life.
Also Read: 10 Ways to Make Saving Money Fun
