Four Benefits Every Business Should Offer To Improve Employee Retention In 2021

2110

Anyone who has been keeping up with the news knows that there are a lot of businesses out there who are facing a serious staff shortage issue. The empty supermarket shelves and the queues at petrol stations have made us all painfully aware of the fact that there are simply not enough qualified HGV drivers in this country. But it does not stop there. The hospitality industry took a series of brutal hits during the pandemic and now they are struggling to find enough qualified employees to fill key roles, from chefs to cleaners to bar staff.

And it would simply be incorrect to state that the problems with staff shortage and staff retention begin and end with the hospitality industry. Now that businesses are opening up again, there have been a lot of reports about people leaving their jobs to find new careers elsewhere. The pandemic has forced a lot of people to reconsider their priorities and their career choices, and whether it’s down to relocation or looking for a fresh start after a brutally tough eighteen months, a lot of businesses are finding that they are struggling to keep the staff on board.

If you are worried about how you can improve your employee retention, here are a few tips to help you.

The Choice Of Remote Working

Let’s start with one of the biggest talking points in the business world right now, shall we? Ever since the first lockdown back in March 2020, the discussion surrounding the return to the office has rumbled on through a string of disruptions and changes in thinking. It goes without saying that a huge number of businesses want to bring their employees back in as a way of cementing the return to normality.

But as we’ve seen in the UK, whether it’s the question of vaccine passports or new variants, there is always a new development to complicate the issue. Arguably the most important factor when it comes to employee retention is the fact that there seems to be an overwhelming consensus from many employees that they would prefer to continue to work remotely. You should seriously consider at least offering remote working as an option.

Insurance Policies That Work For Them

If you want to show your employees that you care about their wellbeing, there is nothing that really compares to providing them with comprehensive and effective insurance. The last eighteen months have made us all keenly aware of how quickly things can change and how difficult it can be to plan for the future. Giving your employees a great health and life insurance policy helps them to feel like they are being looked after, and it takes an awful lot of the hassle off their plate too.

One of the most popular insurance policies among employees regardless of what sector they work in is group life insurance. Another reason for it being so popular is that it often covers pre-existing health conditions, which are a notoriously tricky issue with so many policies. Group life insurance gives your employees peace of mind that their families will be taken care of should anything happen to them and will absolutely be an incentive for your team to stay with your company. Drewberry allows you to compare the top providers of group insurance policies to find the right fit for your business.

Green Incentives Will Make A Difference

We are all looking for ways in which we can have a positive impact on climate change. With new reports of extreme weather and global warming’s impact coming every week, it can often feel like individual efforts are a little small in the face of such an overwhelming issue, but that is where making environmental awareness part of your business identity can make a difference.

If you offer your employees incentives to make more green decisions then they will feel like they are part of the solution, that they are part of an organisation that is taking positive steps. Think about offering financial rewards to anyone who ditches their car for a greener way to commute, find out if your team would be interested in volunteering their time at local green organisations, and reward anyone who comes to you with an idea for how your business can be more environmentally responsible.

Free Training Can Help Them Feel Like They Are Part Of Your Company’s Future

One of the most common reasons for people leaving their job is a feeling of stagnation, that they have become stuck in one position with no visible room for upwards mobility. Offering your employees the opportunity to learn new skills can make a big difference, and you should think bigger than simply allowing them to shadow someone else for a few days. Think about what skills your company could benefit from, whether that’s digital marketing, web design or video editing, and think about offering to pay some or all of the fees for courses for anyone looking to boost their skillset.