Do benefits packages help staff retention?
86% of the most qualified candidates for your open positions are already employed and not actively seeking a new job
Why do you think This is?
Employers are looking after their employees more than ever, introducing extra benefits which appeal to employees. Why would anyone want to leave for a company that doesn’t offer as much?
Employees are more likely to be loyal, motivated and enjoy working at a company if they get extra benefits, such as training, incentives, flexible working hours and so on. If an employer offers some good benefits, then their employees will feel valued and well looked after.
When candidates do decide it could be time to move they can be a lot more ‘picky’ in their job search and rightly so! They’re in a comfortable position at the moment, not in a huge rush to move, have the skills many employers are looking for and so they can be a little more selective when looking for their next position.
So, how can employers look at overcoming this?
More positions in the workplace are becoming very niche so finding a replacement or to fill a specific skill gap in the workplace can be very difficult and time-consuming. To entice someone away from their current job and to join your company, you will need to make your offer stand out…
It is becoming the norm for companies to introduce these benefits that help balance work and home life. Testing and seeing how employees react to such a scheme could prove very beneficial in the long term. Research suggests that employees are more productive if they are trusted to work flexibly.
Do you think benefits packages impact employee retention?