Because your employees are the heart of your business
Offering rewards and support to your staff, demonstrates that you care about their finances, health, welfare and wellbeing. Employee benefits are a major part of the decision-making process for potential employees and statistics show that 79% of employees would prefer new or additional benefits to a pay increase (source: Glassdoor Employment Confidence Survey).
A good employee benefits package:
Encourages talent – the deciding factor between one job over another may be an excellent benefits package that they and their families can benefit from.
Promotes loyalty – employees are more likely to stay with their employer because of their benefits package.
Stretches salary – if you can save your employees money on their purchases; weekly or periodically, and provide wellbeing support when it is needed, you are perceived as a conscientious employer, in touch with your staff’s challenges.
Reduces staff attrition – If another employer offers the same or a higher salary but doesn’t include the same or better benefits package, employees may perceive themselves to be more out of pocket each month, by switching employers.
