{"id":37164,"date":"2017-07-19T04:45:00","date_gmt":"2017-07-19T09:45:00","guid":{"rendered":"https:\/\/michaelhyatt.com\/?p=37164"},"modified":"2017-07-19T04:45:00","modified_gmt":"2017-07-19T09:45:00","slug":"rethink-benefits","status":"publish","type":"post","link":"https:\/\/fullfocus.co\/rethink-benefits\/","title":{"rendered":"Why Businesses and Nonprofits Need to Rethink their Benefits Packages"},"content":{"rendered":"<p>There\u2019s no greater predictor of long-term organizational success than healthy team culture. Yes, customers matter. So do products and services. But an unhealthy team won\u2019t create the best products or serve their customers very well. But how can leaders build healthy team culture?<br \/>\n<br \/>\nThe most common way is to start with a list of <a href=\"https:\/\/michaelhyatt.com\/088-create-a-values-driven-organization.html\" target=\"_blank\" rel=\"noopener\">core values<\/a>. But that\u2019s not enough. We\u2019ve all spent time in organizations whose core values hung on the wall, and the frame was worth more than the list.<!--more--><br \/>\n\t\t<aside class=\"tweetable tweetalign_center\" style=\"width:100%\">\n\t\t\t<blockquote>\n\t\t\t\tThere\u2019s no greater predictor of long-term organizational success than healthy team culture.<cite>Michael Hyatt<\/cite>\n\t\t\t<\/blockquote>\t\t\t<ul class=\"actions\">\n\t\t\t\t<li class=\"icon-arrow\"><a class=\"icon-twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?source=tweetbutton&text=There%27s%20no%20greater%20predictor%20of%20long-term%20organizational%20success%20than%20healthy%20team%20culture.%20https%3A%2F%2Ffullfocus.co%2F%3Fp%3D37164&via=michaelhyatt\" title=\"Share Quote on Twitter\" target=\"_blank\">Tweet<span> Quote<\/span><\/a><\/li><\/ul><\/aside><\/p>\n<h3>An Engine with No Wheels<\/h3>\n<p>Several years ago Patrick Lencioni <a href=\"https:\/\/hbr.org\/2002\/07\/make-your-values-mean-something\">highlighted<\/a> one company\u2019s values: communication, respect, integrity, excellence. Looks good, right? \u201cThese are the corporate values of Enron, as stated in the company\u2019s 2000 annual report,\u201d he explained.<br \/>\n<br \/>\nBuilding <a href=\"https:\/\/michaelhyatt.com\/changing-organizational-culture.html\" target=\"_blank\" rel=\"noopener\">healthy team culture<\/a> takes more than compiling a list of values. It\u2019s like an engine. You could have the best engine in the word, but it\u2019s worthless without a transmission to engage the wheels.<br \/>\nFortunately, most organizations have a tool they can repurpose to make the connection. I\u2019m talking about their benefits package.<\/p>\n<h3>More Than a Recruitment Tool<\/h3>\n<p>Benefits are typically used in recruitment. They\u2019re designed to woo prospective employees or seal the deal after the larger considerations like pay are discussed. And they\u2019re useful for that.<br \/>\nBut serving as a hiring gimmick falls far short of their potential. When leaders see benefits as the gear box for our company values, they can be used to power team culture in exciting and effective ways.<br \/>\nHere\u2019s an example from my own organization. At Michael Hyatt & Company our core values include radical margin, unyielding integrity, and continuous growth. I firmly believe we\u2019re at our best at work when we\u2019re at our best as people. As a result, we\u2019ve designed our benefits package to help bring those and <a href=\"https:\/\/michaelhyatt.com\/careers\/#values\">other core values<\/a> to life.<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-40423\" src=\"https:\/\/fullfocus.co\/wp-content\/uploads\/2017\/07\/Screen-Shot-2018-02-16-at-10.40.36-AM.png\" alt=\"\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/fullfocus.co\/wp-content\/uploads\/2017\/07\/Screen-Shot-2018-02-16-at-10.40.36-AM.png 1920w, https:\/\/fullfocus.co\/wp-content\/uploads\/2017\/07\/Screen-Shot-2018-02-16-at-10.40.36-AM-600x338.png 600w, https:\/\/fullfocus.co\/wp-content\/uploads\/2017\/07\/Screen-Shot-2018-02-16-at-10.40.36-AM-1400x788.png 1400w, https:\/\/fullfocus.co\/wp-content\/uploads\/2017\/07\/Screen-Shot-2018-02-16-at-10.40.36-AM-768x432.png 768w, https:\/\/fullfocus.co\/wp-content\/uploads\/2017\/07\/Screen-Shot-2018-02-16-at-10.40.36-AM-1536x864.png 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p>\n<h3>How Benefits Embody Values<\/h3>\n<p>Here are just five benefits from our package. Every item on this list is intended to empower our full-time, salaried team members (and their families) to embody our values and experience personal development and transformation.<\/p>\n<ul>\n<li><strong>No-cap bonus plans.<\/strong> To achieve success, we all have to work together. That\u2019s why we share in our success together, too. And if we beat our goals, there\u2019s no ceiling on bonus potential.<\/li>\n<li><strong>Work from wherever.<\/strong> We trust our employees to know what surroundings will help them do their best work. So we welcome employees to work from home or <a href=\"https:\/\/michaelhyatt.com\/no-office.html\" target=\"_blank\" rel=\"noopener\">wherever they like<\/a>. We are building private, premium co-working space but working there is optional except for key meetings.<\/li>\n<li><strong>40-hour workweek.<\/strong> We know our best work happens when we have <a href=\"https:\/\/michaelhyatt.com\/081-how-to-create-more-margin-in-your-crazy-busy-life-podcast.html\" target=\"_blank\" rel=\"noopener\">margin<\/a> in our lives for what really matters so we aim for a sustainable workweek and encourage employees to <a href=\"https:\/\/michaelhyatt.com\/weekend-wow.html\" target=\"_blank\" rel=\"noopener\">unplug after hours<\/a>.<\/li>\n<li><strong>Unlimited PTO.<\/strong> High-performing teams excel when they are healthy and <a href=\"https:\/\/michaelhyatt.com\/6-strategies-sleep-soundly-wake-rested-accomplish-more.html\" target=\"_blank\" rel=\"noopener\">well-rested<\/a>. That\u2019s why we allow our full-time employees to take as much paid time off as needed to do their best work. (We also encourage a one-month paid sabbatical for eligible employees.)<\/li>\n<li><strong>Premium health-care.<\/strong> Healthy employees are happy employees, so we cover 100 percent of our employees\u2019 health care plan and 50 percent for their dependents.<\/li>\n<\/ul>\n<p>That doesn\u2019t even cover our paid family leave, investment in professional development, or no-red-tape software budgets.<\/p>\n<h3>Make the Connection<\/h3>\n<p>Too often benefits and values live on two separate lists in two separate departments. HR handles the benefits list. The executive team handles the values. But if you\u2019re looking to build a healthy, thriving team, they need to be integrated.<br \/>\nIt\u2019s fine to have values that hang on the wall. But you also want them walking down the halls. Teams are made of people. And <a href=\"https:\/\/michaelhyatt.com\/hire-the-best.html\" target=\"_blank\" rel=\"noopener\">the right people<\/a> will help you embody your values if you structure your benefits to engage them.<br \/>\n\t\t<aside class=\"tweetable tweetalign_center\" style=\"width:100%\">\n\t\t\t<blockquote>\n\t\t\t\tIt\u2019s fine to have values that hang on the wall. But you also want them walking down the halls.<cite>Michael Hyatt<\/cite>\n\t\t\t<\/blockquote>\t\t\t<ul class=\"actions\">\n\t\t\t\t<li class=\"icon-arrow\"><a class=\"icon-twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?source=tweetbutton&text=It%27s%20fine%20to%20have%20values%20that%20hang%20on%20the%20wall.%20But%20you%20also%20want%20them%20walking%20down%20the%20halls.%20https%3A%2F%2Ffullfocus.co%2F%3Fp%3D37164&via=michaelhyatt\" title=\"Share Quote on Twitter\" target=\"_blank\">Tweet<span> Quote<\/span><\/a><\/li><\/ul><\/aside><br \/>\nIf you\u2019re looking for more on our values and benefits, visit our <a href=\"https:\/\/michaelhyatt.com\/careers\/\">careers page<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s no greater predictor of long-term organizational success than healthy team culture. Yes, customers matter. So do products and services. But an unhealthy team won\u2019t create the best products or serve their customers very well. But how can leaders build healthy team culture? The most common way is to start with a list of core [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":37170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[681,588,33,295],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Businesses and Nonprofits Need to Rethink their Benefits Packages | Full Focus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fullfocus.co\/rethink-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Businesses and Nonprofits Need to Rethink their Benefits Packages | Full Focus\" \/>\n<meta property=\"og:description\" content=\"There\u2019s no greater predictor of long-term organizational success than healthy team culture. Yes, customers matter. So do products and services. But an unhealthy team won\u2019t create the best products or serve their customers very well. But how can leaders build healthy team culture? 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