Essential Benefits to Provide for Your Household Staff
Essential Benefits to Provide for Your Household Staff
If you are considering employing household staff or already employ household staff the following suggestions will increase your staff’s satisfaction, motivation, and longevity.
Industry Standard Benefits
Offering a monthly tax-free Health and Wellness Stipend for household staff is an essential household employee benefit.
Industry-standard PTO includes: 2 weeks paid vacation, 3-5 sick/personal days, 6-8 paid holidays, and a stipend towards health wellness as stated above.
For domestic employees who do not live in your home or use their personal vehicle to complete the tasks required under their job description, mileage reimbursement is also an essential benefit.
Employers can calculate the rate of mileage on their own or consult this chart from the IRS for assistance with standard mileage rates.
A 401(k) Retirement Plan
Offering a retirement plan for your household staff can be an ideal means for retention.
If you are considering hiring additional household staff, offering a retirement plan can provide you with leverage and incentive.
As an employer of fewer than 100 domestic staff who are 21 years of age or older and earn more than $500 per year, the SIMPLE 401(k) allows you to match your employee’s contributions up to $15,500 in 2023.1
The Roth 401(k) limits the contributions that can be made according to the age of your employees. If they are less than 50 years of age, the contribution limit for 2023 is $22,500. Employees 50 years of age and older may contribute up to $30,000 in 2023.2
Bonus
When it comes to essential benefits, the employee bonus may be last on our list, but certainly not least. Employee bonuses are provided to individual employees who have gone above and beyond to provide the best possible service to your household.
The employee bonus can take many forms and should be offered in addition to the holiday bonus. Monetary employee bonuses can be awarded once per year in a sum that reflects several smaller bonuses or given in smaller amounts several times per year.
You can also choose to provide your employees with bonuses that are more personalized. Gift cards will encourage your employees to do the things they love when they’re not working.
For exceptional employees whose friends or family live far away, a gift card or voucher for an airline can be the perfect bonus, especially during the holiday season. This idea can also be an excellent way to support an employee who has always wanted to travel to a certain destination.
Your Source for Top-Tier Household Staff
Trained household employees help meet your obligations so that you can enjoy life to the fullest. Staffing at Tiffanie’s household employment agency has been matching households with the perfect private staff for over 26 years. Visit us to learn more about our domestic staff services.
Sources: