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And in many cases, it’s benefits offerings that seal the deal. For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. And for 75 percent, a good benefitspackage would make them take one job over another,” says a recent employee health benefits survey by QuickBooks Payroll.
These statistics underscore the effectiveness of employee discount programs in attracting and retaining top talent. Employee discounts have gained popularity in modern workplaces due to their mutual benefits. These discounts can range from 10% to 30%, making travel more accessible and affordable for employees.
Happy employees may not always outproduce their less happy peers, but they’re more likely to produce better work, avoid burnout, reduce absenteeism , and maintain retention. Let’s talk about what it takes to make employees happy. The employee’s heart has to be in it to make it sincere and real.”
Since remote work comes with isolation from colleagues, offering remote staff certain unique employeebenefits counteracts the feelings that can come with missing out on in-office interactions and activities. This contributes to employeewellness and health in the long term. Flexible work hours and paid time off.
These programs can include gym memberships, on-site fitness classes, wellness workshops, mental health resources, and healthy food options. Health and wellness programs not only improve employeewell-being but also reduce healthcare costs and absenteeism.
Employee turnover is one of the most important issues confronting retailers today. According to LinkedIn , the average retail turnover rate is one of the top turnover rates besides accommodation and entertainment. High churn rates have an impact on retail companies at all levels, affecting productivity, engagement, and satisfaction.
For example : Airbnb offers a unique travel stipend to its employees, allowing them to explore different destinations and stay in Airbnb listings, aligning with the company's core business. Flexible benefitspackagesEmployeebenefits are a valuable form of recognition.
The employee discount scheme in the UK is generating quite the buzz in the market and for all the right reasons. 78 percent of employees agree that the benefitspackage, including discount schemes, helps them accept or reject a job.
The purpose of providing meal allowances is to ensure that employees have access to nutritious meals while engaged in business activities, whether traveling for work, attending conferences or meetings, or working overtime. This contributes to their physical well-being and enhances their overall job satisfaction and productivity.
Organizations have begun using AI tools to: Spot skills gaps and provide targeted training: AI can analyze employee data to spot where development is needed and then recommend personalized onboarding/training to address those gaps. Now is the time to tap into other, less conventional talent pools, one of which is people with criminal records.
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