It’s no secret that companies, large and small, have trouble keeping employees. Some have a high turnover rate with personnel coming and going faster than the company can train them to fulfill a position.
Today, it’s no longer enough to offer a decent salary. People want to go where they’ll be taken care of, and we don’t just mean appreciation. So how can you prevent high turnover rates and convince your employees to stay?
There are a number of perks that you can offer that will have people clamoring to work for you.
Healthcare.
In today’s society, healthcare is a very important part of a benefits package and some people are willing to take jobs that offer a lower salary but with better healthcare options. There are several methods you can use to obtain insurance for your employees, including GPO healthcare, which lets you get the same packages as larger companies at a discounted rate. Be prepared to offer more than just a basic plan to get your employees through the door. In the long run, your employees and their families will likely be healthier and productivity will soar.
Relocation Packages.
Sometimes searching for the right person for a position, especially management jobs, mandates that you look outside of your current locale. While many people may be willing to move, they often need help with moving expenses. Relocation costs are often worth the expense, particularly for a good employee who holds a lot of promise for your company’s future. If your company is a large corporation, you’re probably eligible for different types of discounts that you should take advantage of. It’s a win-win for your future employee, and most of all, for your company.
Health and Fitness.
With a busy schedule, many people don’t have time to visit the gym and work out, despite their willingness to do so. Consider adding a gym to your office building to encourage people to go before or after work, or even on their lunch breaks. You don’t have to make it elaborate, a few machines, free weights and a television to occupy their minds is all it takes. You can even hire a personal trainer to hold fitness classes at various times throughout the day. Offer an incentive to those who take advantage of the facilities and you’ll likely see use skyrocket.
Bonuses.
Granted, bonuses are often a part of the salary, but there’s no rule that they have to follow the salary plan you created when your employees started. As a matter of fact, spontaneous bonuses are likely to improve productivity and morale, as your workers see that they’re appreciated in more ways than just a simple pat on the back.
The bonuses don’t have to be elaborate and they don’t have to be cash. You can offer paid trips, appliances or gift cards to an establishment that you know they frequent. The important thing is that you put thought into it and let your employees know that without them, you wouldn’t be thriving the way you are.
These are just a few ideas, there are many other perks that you can offer that will draw employees to your company and make them reluctant to leave. The most important thing is that they know they’re valued and you show it in a multitude of ways.
