What exactly is the cafeteria system?
The cafeteria system is a tool that allows employees to independently choose from a range of non-monetary benefits.
Using the benefits offered through the cafeteria system involves employees receiving a certain amount of points or a specific amount of money from their employer, which they can then use to select the benefits they are interested in. Many cafeteria systems also allow employees to contribute their own funds in order to take advantage of the benefits offered more quickly.
The main advantage of this solution is its flexibility, which allows for ongoing changes and customization of benefit packages to meet the needs and interests of individual employees.
In recent years, non-monetary compensation systems have become a popular way to motivate employees and are an important part of the compensation package. The range of benefits offered is also becoming increasingly diverse.
Every company creates and offers its own list of non-monetary benefits, depending on various factors, primarily the budget available to the enterprise.
The most commonly used benefits include:
- subsidizing leisure activities
- basic or additional private medical care
- insurance packages for employees and their families
- meal vouchers
- funding for education and training
- subsidizing events during free time, such as fitness classes, cinema, theater, concerts, etc.
In addition to these benefits, the cafeteria system can also include tangible benefits, loans, or free legal advice. Some companies offer bonuses related to their business profile, such as discounts on their products.
Thanks to the cafeteria system, employees have the ability to choose which benefits they find most useful, and an attractive range of benefits can motivate them to earn more points.
By taking into account the employee’s opinion and allowing them to make choices, cafeteria systems treat employees as individuals. They help increase job satisfaction and, as a result, can improve work efficiency. They are also a way to build a bond between employees and the company, and can help promote employee loyalty.