
6 minute read
HUMAN RESOURCES

by EndeavorBusinessMedia-VehicleRepairGroup
PERKS FOR PART-TIMERS
Think outside the box with benefits and show part-timers you care
BY MATT HUDSON
IN GENERAL, THE MENAGERIE OF benefits offered to full-time employees are well-known. If a company is able, it typically offers some combination of healthcare, vision, dental, and maybe a 401(k) plan in exchange for 40 hours of work each week.
But in the quick lube business, fulltime employment might not be the norm. Part-time labor is a great way for quick lubes to give younger workers a start, keep employee schedules flexible, and manage costs. But in an increasingly competitive hiring environment, employers might want to add a little incentive to part-timers— something a little extra for their time.
And while traditional healthcare benefits are still sought after, they aren’t as standard as they once were. Penny Yountz, an HR business partner for Employer’s Advantage, says that online healthcare marketplaces and subsidized plans helped all kinds of employees get competitive plans.
If operators aren’t yet ready to offer health benefits to their part-timers, there are more creative options for employee perks.
Start a Nest Egg Part-time workers, especially younger ones, are serious about saving for the future. Yountz says that a little help from employers in this area could be a great way to round out support for employees.
This could be a 401(k) or IRA setup, and the message to the employee is that your business wants to help them set up financial security for the future.
Yountz says that 40 percent of high school graduates are looking for positions that have growth opportunities, whether that’s related to their income or job title. For relatively small quick lubes with little movement among tech positions, that might be tough to offer. But a savings plan helps to put that growth mindset into the compensation.
Plus, employers have the opportunity to sweeten the pot and contribute to one of those plans.
“It’s not that big of an investment as it would be contributing to a traditional medical plan,” Yountz says.
Health Reimbursement Arrangement The health reimbursement arrangement is an account that’s paid into by an employer, and the employee can use that money for qualified, health-related activities. The benefit of enrolling in an HRA instead of a basic healthcare stipend is that the money is tax-free, and in some cases, the money can be rolled over from year to year.
According to the federal government, many kinds of HRAs require the employee to be enrolled in a healthcare
Back to Basics for Part Timers
Some view part-time work as a perk itself and love the ability to have a shifting schedule from week to week, balancing personal and professional time. Employers can lean into that concept when hiring and scheduling.
“The key buzzword these days is fl exibility, which is partially why they're part time,” Yountz says. “A lot of employees want to be fl exible with their schedule and what’s expected of them while on site.”
Another potential opportunity might be in a benefi t that many consider traditional for full-timers only: paid time off .
“If you have a part-time person who's working and doing well and staying for one year or two years, at some point, think about off ering them PTO,” Yountz says.
It may not be a full two weeks per year. It can be prorated based on the weekly hours that someone works. And it shows them that you value their worklife balance, giving them some agency over their scheduling.
If an employee is putting in a full shift on the Fourth of July, think about giving them a makeup holiday on another date.
plan before ge ing the HRA. They may be able to use the HRA money toward a healthcare premium, however.
Check for Vendor Perks When investing in various benefi t programs for employees, check to see if the vendor off ers any additional perks to businesses. Yountz says that, for example, the company that manages business retirement accounts might have a fi nancial education seminar program that could visit your shop.
Those kinds of sessions could off er valuable information that some employees might not get elsewhere.
Companies also off er sessions on home-buying or renting. For the automotive enthusiast, vehicle purchasing and maintenance could be another session topic. Those additional perks could help you decide which vendor to use.
Employee Assistance Programs The Employee Assistance Program, or EAP, could off er a number of diff erent services for employees. Those services are typically geared toward employee well-being and could include counseling, crisis intervention, substance abuse, elder care, and others.
Yountz says that employees are encouraged by employers who are striving to promote better mental health among the workforce.
“Another big key topic right now from an HR standpoint is burnout and mental health awareness,” she says.
EAPs are structured in diff erent ways. Some are created by an employer, while others are grouped and sold as a service package by a third party. For many employers, the cost can be surprisingly aff ordable for impactful services.
“Most of the EAPs that I am familiar with are anywhere between $2 and $4 per month as the investment that an employer makes,” Yountz says.
General Fringe Benefi ts There are some newer vendors that package a bunch of smaller fringe benefi ts to off er. One such vendor, with which Yountz is familiar, is set up so that an employer can award employees “points.” The employee is then able to redeem those points for a number of everyday uses, like toward a streaming subscription, to help pay for food or grocery delivery, or a number of other things.
Not Sure Where To Start? Ask! Yountz recalls a company that said it was spending to provide a whole bunch of benefi ts but had a low participation rate. It took some time before the company realized that the benefi ts weren’t applicable to the age bracket of the employees.
Yountz suggests a quick survey to fi nd out what ma ers most to your people.
Diff erent benefi ts might be benefi cial to diff erent age brackets, people who live in diff erent areas, or even employees at diff erent times of the year. Much like the nature of part-time employment, business owners can be nimble with their benefi t choices to adapt to changing times. For example, if someone in your small business recently adopted a boisterous dog, maybe a dog-si ing stipend is the benefi t for your operation. Employees will notice the eff ort.
“There are a lot of different things you can do to increase retention,” Yountz says.