Employee attraction and retention have been a trending problem, costing many small to medium-sized businesses tens of thousands of dollars, especially in the era of Quiet Quitting, the Great Reshuffle, the Great Reprioritization. Companies have come up empty-handed with how to find quality new employees and re-engage current employees, and even get them back into the office.
If your business is struggling with employee attraction and retention, rest assured you have access to a new approach that works – employee care. Employee-care is a holistic approach to your business and supports the idea that taking care of all the parts of your business will organically result in a healthier business as a whole.
Why Employee-Care Makes the Best Solution
Employee Attraction
Employees are an asset. It’s human nature to want to grow and develop. Personal and professional development are business strategies.
First, your best recruitment strategy is to have employees who love their job and your company. They get jazzed up while working, improving productivity and creativity. Outside of work, they speak positively to others about your company, building your reputation. And when you talk to someone who’s excited and happy, it’s contagious. You either start to feel the same or wish you did.
On the other hand, does your company have a bad or mediocre reputation on Glassdoor or in the community? If so, this will impact your recruitment efforts and will show in your morale and productivity levels.
Employee Retention
When employees stop growing, they get bored or complacent. Without realizing it, they can get restless and underperform, impacting your bottom line. Soon they may start looking for a career or company change. They eventually leave.
Experts estimate that it costs a company 1.5-2 times a person’s salary to replace him or her (builtin.com). According to SHRM reports, it takes approximately 36 days to replace an employee. Add to that the costs of onboarding and getting new team members up to speed.
Meanwhile, nearly 70% of C-suite employees are considering quitting for a job that better supports their well-being. Yet more than 8 out of 10 global executives believe their people are thriving in all aspects of well-being (Forbes.com).
You do not have to be part of the statistics of businesses on the decline.
Solution: Employee-Care
The solution of providing employee-care is not cumbersome. It will save you time and money while building up your reputation in house and in the community.
Professional and personal development inspire, motivate and challenge your employees, warding off boredom, complacency and feeling unappreciated.
You will find tons of tools on the market like LinkedIn Learning, but if no one is driving your employees to utilize the tools, they do nothing for you. The more effective development comes with human connection.
Reports prove that appreciation and well-being are two key needs of employees looking for work or deciding whether to stay with a company. Appreciation and well-being require human-to-human interactions. This is why providing employee care is your best solution for improving your employee attraction and retention.
Benefits of Increased Employee Attraction and Retention
Besides loss of money and time involved when an employee quits, you are likely to suffer other consequences.
- Your company loses job knowledge. Projects are delayed, customers are left hanging and business relationships may suffer.
- Morale takes a hit. Other employees may catch the “grass is greener” and start looking for other jobs. Customers may start to lose faith and take their business to a competitor.
- The burden of that open position falls on co-workers creating stress and delaying projects or impacting daily operations. This can lead to more turnover if that burden is too stressful. It can create a domino effect.
Examples of Employee-Care Strategies That Have Worked
If you are considering implementing your own well-being program to save costs and time, please read this first.
BreakWell specializes in employee-care. We may even be inventing the category of employee-care. We do this by taking traditional corporate “wellness” programs to another level – where we provide well-being and take a more holistic approach.
Over the past few years, our experiences in providing employee-care speak for its effectiveness and value.
Fresh Perspective
We often hear employees say that their favorite day at the office is when BreakWell has an event – especially when it’s on-site chair massage. After one 15-minute chair massage, an employee stood up and said, “I just had an a-ha moment about a problem that I was working on before I got here.”
In-Person Connection
When companies start working with BreakWell, employees say that just the fact that BreakWell is working with the company to understand the needs of the employees makes them feel hopeful and cared about.
For one company, we booked 2 days for in-person meetings. They called the day before and said not to bother coming in because no one signed up. We said we were coming anyway. Within the first hour, we got completely booked for both days.
Creative Team Building
For another company, we built and implemented eight well-being challenges throughout the year, including physical, mental and social well-being. Engagement in these challenges doubled within one year of working with BreakWell.
These positive results will also have a domino effect – in a positive direction. Begin improving your employee attraction and retention today by scheduling a free consultation with BreakWell here!