The stakes have been upped when it comes to perks at work and free tea and coffee no longer cut it. Grainy coffee granules and tea stained mugs have been replaced let’s face it by premium coffee machines that rival your local baristas skills. That’s just for starters; we’re seeing companies catering for employees lifestyles with benefits that keep the ‘work life balance’ in check.
It is vital employers take note as plenty of businesses are ahead of the game, offering incentivised benefits which link to performance and ultimately unlocking teams potential. Keeping employees happy is key, and works to contribute to their overall health and wellbeing.
Strong employee culture and engagement is fast becoming a prerequisite in a candidate’s job search, and a poor offering could cause companies to miss out on quality applicants. Not only is it important in attracting candidates but retention too, keeping your current workforce engaged means far more than a round of office drinks every Christmas.
This year leading digital employee engagement platform Perkbox took up residence in Sheffield with a team of sales and customer support staff supporting their London team. As the name suggests they are specialists in attracting and motivating staff and customers with exclusive perks from the UK’s well know brands.
“At Perkbox, our culture is really important to us. We’re a team of very hard working, fun individuals and this is reflected in our working environment. From Ping Pong to the PS4, there’s plenty to keep the team competitive and motivated. What’s more, Peppa, our office dog, is a great team member, always working hard to keep her colleagues happy and entertained. Offering Perks and Rewards to your employees is not only a great way of keeping them engaged but’s also a great way of retaining and attracting talent.” Said Wayne Adams, Operation Manager at Perkbox Sheffield.
Perkbox recently surveyed 2000 workers across the UK to assess employee engagement levels and unearthed some stats that are worth listening to. The ‘Tackling the UK’s Disengagement Problem’ report takes the negatives and sees them as opportunities for business leaders and managers. Here we give you a snapshot of some of the key findings, focusing on realising employee potential, sharing organisational goals and employee wellbeing:
- Only 43% of the UK workforce are enthusiastic about their current role
With this in mind, engaging the remaining 57% of the workforce is key. The report suggests a disconnect between the alignment of company goals and lack of recognition for loyalty.
- Only 41% of UK employees feel aligned to organisational goals
In the study Perkbox delve deeper and discover all employees would like to be more aligned demonstrating it is the role of the employer to make sure they are more inclusive when it comes to company goals. It is vital organisations strengthen their leadership and shape their mission, vision and values to strengthen shared objectives, making for an inclusive working environment.
- 36% of employees are likely to leave their jobs within one year
Investing in new staff to risk losing them after 12 months is demoralising for any company, expensive and disruptive to teams, so keeping employees engaged is key. Millennials (49%) are more likely to make a move within a year, naturally pay is a main drive to stay, but also adopting techniques such as engagement and career development programmes ranked highly as incentives to remain.
- 59% of employees agreed personalised benefits would influence their decision to stay in a company
This figure demonstrates how employees want to be recognised and rewarded. The good news for managers is this is often attainable regardless of size of the business.
Benefits packages vary greatly from large corporate giants such as Opus Professional Services having a holiday home in Italy for use for all employees, to 0-9’s offering a days volunteering to each employee.
- 46% of employees consider the benefits package when accepting a new role
Alongside retaining staff companies also need to consider attracting the future work force. A strong employee benefits package was the second biggest consideration in the report, followed by management style and office culture.
To download the report in more detail visit the Perkbox website.
We like to practice what we preach and offer a strong benefits package to our employees including taking your birthday as an extra holiday day, a volunteering day, and most recently Benchmark employees get to enjoy the perks of Perkbox. Our team are enjoying half price cinema tickets, discounted meals and free phone insurance all courtesy of Perkbox.
If we have got you thinking about your benefits offering and creating an engaging employee culture discover more here.