More Choice… Your Choice…
If the words ’employee benefit’ are taken literally, you’d be forgiven for thinking that all the benefit sits with the employee. But with 66% of staff saying they would be more likely to stay with an employer that offered good benefits, it’s clear that employers also stand to gain. It seems that fewer people are inclined to do any more than the bare minimum needed to do their day-to-day duties.
But is this something companies really need to worry about?
After all, aren’t there plenty of people out there desperate for a job if you lose a disgruntled employee?
Well, putting aside the fact (and it’s a very big fact) that it can cost £30,614 to replace an employee earning £25,000, unhappy and disengaged employees are less effective at their job, less motivated and more likely to go off sick from work.
For employees, a benefit package can help plan for old age and unexpected events (like becoming ill or injured), and can save them a bit of money on day-to-day expenses too.
For employers, a strong, relevant and well-communicated benefits package not only helps employers make sure they get the pick of employees at recruitment, but can also help them retain happy, committed workers.
We can assist you in how you can best put together an appropriate, flexible employee benefits solution that will help to improve your business, and create an employee engagement strategy to help communicate your benefits solution.
To find out how Chiltern Select Essentials can work for you please contact us on 01494 451441 or email firstname.lastname@example.org .