Do Employee Benefits Equate To Employee Loyalty?
Written by Geoff Newman on 16/07/2012
When it comes to retaining staff, there are many things that an employer can do to ensure that its staff turnover remains low and staff levels stay consistent. In today’s world, it is easy for employees to get in contact with a company’s competitors and employers are expected to offer attractive packages in order to be able to hold on to the best staff. What benefits should a company offer to ensure that they do not lose their talent?
Paid holiday time
This seems obvious but the more paid holiday time your company can offer the better it will appeal to employees.
Paid sick leave
When an employee is ill, the last thing they want to be worrying about is how they can pay their bills. Try to offer a reasonable amount of paid sick leave, which will lead to employees feeling that you care about them and help to breed loyalty.
Although in the UK everyone has access to the NHS, long waiting lists often mean that people are not getting the treatment they need soon enough. Offering employees health insurance will provide them with peace of mind and will benefit your company as it means they are able to deal with medical issues in a more timely fashion resulting in less time off work.
More and more workers are seeking flexible working arrangements so try not to be too rigid. With high-speed internet availability in most regions, working from home is now a very real option for many people.