In today's competitive job market, attracting and retaining top talent is a priority for employers. While salary is an important factor, offering great employee benefits can be a game changer in recruiting and retaining the best employees.
But first! Some stats that may encourage you to prioritize keeping your employees happy by offering attractive benefits:
- 49% of employees will start looking for a new job within 12 months if they're dissatisfied with the benefits offered. This means that providing top-notch benefits is crucial to retaining your top talent.
- 78% of employees reported that they're more likely to stay in their current roles if the benefits are attractive. This means that offering competitive benefits can help you keep your employees engaged and committed to your company.
- 75% of employees have stressed not only the importance of employee benefits, but expressed a desire for more variety.
- By losing top talent it'll cost 400% of their annual salary to replace them. This means that investing in your employees' well-being is a wise business decision.
- 40% of employees said a company becomes more attractive if their benefits packages are tailored to them. By offering personalized benefits, you can make your employees feel valued and appreciated.
Here are five reasons why employers should care about offering great benefits to their employees:
1. Offering attractive benefits is a great way to attract the best talent out there. If you want to hire the best of the best, you need to show them that you value them.
2. The COVID-19 pandemic has made employee wellness more important than ever. By offering health benefits and coverage for workers and their families, you show your employees that you care about their well-being both inside and outside of work.
3. Healthy employees are more productive and motivated to work hard. By providing health coverage to your employees, you're not only ensuring that they take care of themselves, but also getting more from them in terms of productivity and commitment to the company.
4, When employees feel valued and taken care of, they're more likely to be productive in their roles. Offering superior benefits packages is a key way to motivate your workforce and ensure that they give their all every day.
5. Better benefits lead to higher morale among employees, which in turn leads to greater loyalty and job satisfaction. When employees feel valued and cared for, they're more likely to reciprocate with a positive attitude and commitment to the company's success.
Treating your team well is crucial to maintaining a positive reputation in the eyes of both customers and potential employees.
A company that values its workers is more likely to avoid public relations scandals and retain the loyalty of its customers.
GetSavvi Health is now available for your staff!
At GetSavvi Health we offer medical cover with the kind of everyday benefits your employees can use to keep them, and their families healthy and happy.
Feel free to call our Group Schemes Manager, Fabian Williams, at fabian@getsavvi.co.za to discuss what we can do for you.