Employee retention is key to creating a successful workforce and growing organisation, but as everyday stresses continue to grow with factors such as the cost-of-living crisis or work burnout – retention can be difficult to control.
In the post-Covid economy, an organisation that offers genuinely attractive and relevant benefits will find it easier to attract the calibre of employee it wants.
Discounts for supermarkets, online and high street retailers were the most used employee benefit throughout 2023, according to the findings of new analysis.
Amidst economic pressures and evolving healthcare demands, a forward-looking approach that emphasises both preventative care and specialist support is vital.
With retaining talent the number one challenge for legal firms, employee benefits can be an effective way for firms to differentiate themselves from competitors.
Of those who receive a bonus, 61% of younger employees would prefer year-round financial support such as workplace savings schemes or discount vouchers.
55% of 18-34-year-olds say that a good benefits package is now the most important thing they look for in employment, compared to 42% of the general workforce.