Employee discounts can be used both in-store and online to help your team’s income go further and to enable them to buy the things and have the experiences that will bring them the most joy. Salary sacrifice programs include the purchase of yearly leave and childcare vouchers, and season tickets for public transportation. Rewards and recognition program might consist of subsidized gym memberships, health, and even incentives to ride a bike to work. Are you prepared to put staff retention methods into practice inside your organization? It’s not simple to get it right and ensure you’re maximizing staff retention.
- Strategy making
Experienced employee engagement experts will work with you to identify the right strategy for your company culture and workforce, supporting you during the decision-making and implementation.
- Employee satisfaction
When choosing new employment, employee satisfaction was ranked as the most important element by around two-thirds of workers (62 percent). Keeping this in mind, your strategy for
rewards and recognition program should also include components that encourage physical welfare, emotional well-being, and financial well-being.
- Remuneration and rewards program
Do you provide a remuneration and rewards program that is on par with that offered by other organizations operating in the same industry? You also need to take into consideration the unique value that the person brings.
Even if their compensation package is about equivalent to the market average for the position, this does not answer the question of what additional value they bring to the table. In their time working for the organization? If you do not recognize the value of their expertise in their salary, you will not be able to keep hold of your top employees. Rewards and recognition program is directly related to their physical health; therefore, doing everything you can as an organization to support employees in living a healthier lifestyle will offer significant benefits for both the employees and the company. One example of this would be offering discounted gym memberships.
You’ll lessen the temptation to nibble on sugary items by providing free fruit and other healthy snacks onsite. By offering healthy snacks and drinks at substantially discounted prices, you’ll encourage more people to consume them. Not only can eating unhealthy meals affect one’s physical health, but sugar also causes energy dumps and exhaustion, which can harm one’s productivity. It is important to remember that the goal here is not to lecture employees or prohibit them from engaging in particular behaviours; rather, it is to make it as simple as possible for them to select more healthy options.