Only 15% of the world's workers are engaged and reaching their full potential at work, according to research by Gallup. Increasing that engagement is a key aim for many business owners.
No single factor can improve the engagement levels of your staff, but offering a varied and valuable package of employee benefits, and an attractive reward package, can go a long way to enhancing the motivation and productivity of your company’s workforce.
Keeping your employees happy and engaged
Happy employees are 12% more productive, says research by the University of Warwick in the UK. And offering the right benefits package is a key way to put a smile on your team’s faces.
To push up those engagement levels:
- Review your benefits package – the benefits you offer must fit the motivations, needs and lifestyles of your people. So take the time to regularly review the benefits you offer and ensure you’re offering a varied and flexible range of employee benefits.
- Don’t focus solely on money – cash-based rewards can work well for some employees, but don’t just offer financial benefits. Other benefits could include a cycle-to-work scheme, childcare vouchers or access to medical and dental insurance.
- Make life easier for staff – the working week is hard work for many of us, so look at benefits that make life easier for your staff. Offering a creche facility will help working parents, and flexible working may benefit employees who are carers.
- Tailor your benefits – no two employees are the same, so it’s important to offer a benefits package that can be customized to the specific needs of each person. With a bespoke benefits package, your people will be happier and more efficient as a result.
Talk to us about updating your employee benefits
If you think your employee benefits need an update, chat with your THG team member or contact us. We can connect you with HR and employee engagement specialists, so you get the best possible advice on creating a modern, flexible employee benefits package – and keep your people smiling.