As well as being a fantastic way to attract quality candidates to your company in the first place however, it’s well worth knowing that a good benefits package can help to keep the staff you’ve invested in with you for much longer.
The Loyalty Premium Report 2017 has in fact revealed that an incredible 91% of workers would consider staying at a company, even after they’ve handed their notice in if they were offered more perks.
Data collected by the voluntary benefits scheme, One4all Rewards has found that if you want to retain your staff, these are the perks you should be offering:
- Nearly one in five (17%) employees who were questioned said that they would reconsider quitting their job if they were offered flexible working.
- 17% said that they may be swayed by the opportunity to work from home.
- 23% would be tempted to stay at a company if they were offered a promotion.
- A 10% increase in salary can tempt up to 19% of those surveyed to reconsider leaving a job.
- Almost half (45%) of employees are more likely to stay in a role if they’re offered a 25% pay rise.
- 8% of employees would think twice about leaving a job if provided with a company car.
- Nearly 8% will stay in a role if the company commits to making changes to the team structure.
The managing director of One4all Rewards, Declan Byrne has highlighted how this new research shows that just because someone has handed in their notice, it doesn’t necessarily mean it’s the end:
“If a member of staff is highly valued by a business, this data shows that there are options which can be called upon – if it is deemed viable – to retain them.”
Another interesting revelation from the data is just how contagious staff departures can be. 62% of those surveyed said that they find other staff members quitting very unsettling and 21% said that a colleague leaving has even prompted them to start their own job search.
“In an ideal scenario, workers would feel appreciated, progressive and happy enough that they will never want to leave. But even in that idealistic situation, staff departures do happen and it’s good for businesses to bear in mind that the discussion that happens when an employee hands in their notice is a two-way conversation which they have the power to influence.”