Employee wellbeing = business wellbeing
01 August 2016
One of the key components of any strategy has to be a robust employee benefits package.
This is the conclusion drawn by recent research which surveyed 338 respondents in May 2016 and found that the majority (81%) claim that they use employee benefits as an effective retention tool.
They found that retention and recruitment are still the top two reasons why respondents offer employee benefits, with 76% using benefits as an aid in recruitment. In 2014, 66% of respondents used benefits for recruitment and 64% for staff retention in 2014.
It’s not only recruitment and staff retention that are cited as reasons for employers to offer benefits; their role in supporting the employer brand, and wanting to stay ahead of the competition were also important
The other element that plays strongly into retention is wellbeing. Stress continues to be a major factor in the workplace and employee benefits can help to improve general wellbeing at work. Medical care is a traditional benefit, but there are even more long term health benefits to be found in gym memberships, counselling services and flexible working hours. Discussing what your company can do with your employees is a great starting point.
On a lighter note, 43% of respondents to a US survey by social interaction app Skout believe that bringing their dogs to work with them makes employees more productive and helps to lower stress levels. So there might be something we can learn from our canine companions.