Increase retention and cut your recruitment costs

Building stronger ties between your employees and your business can help you eliminate that job hunting itch

What makes an engaged workforce? 

When you’re trying to recruit for a position, it’s important to differentiate your company from the competition. Offering ‘perks of the job’ can help make you more attractive to some of the most in-demand candidates.

A perk is anything extra you offer employees in addition to their salary and wages.

Perks like money off in your employees’ favourite high street stores can represent real added value to your proposition but it’s important to offer a wide selection, to ensure that everyone’s tastes are catered for.

54% of China’s workforce have called in sick the day after a match.

How can awards motivate your team?

A disengaged workforce generally comes hand-in-hand with high staff turnover, as unhappy employees look for more engaging work elsewhere.

High turnover means spending more time and money recruiting for new employees to replace the ones you’ve just lost. Not only that, you’ll also end up training your new recruits to meet your company’s standards.

Nurturing a more engaged workplace culture can help decrease turnover, dramatically reducing your recruitment costs.

Click here and find out more about how DPG and Perkbox can help your organisation increase employee engagement

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Replies

  • Recruitment costs explained in a report carried out by Oxford Economics

    http://www.hrreview.co.uk/hr-news/recruitment/it-costs-over-30k-to-...

    It costs over £30K to replace a staff member
    The new report was carried out by Oxford Economics and reveals that replacing members of staff incurs significant costs for employers: £30,614 per em…
    • As an average figure when I first saw that headline I thought it's shockingly high. But then when you think about all the costs (financial and time) to the business, loss of skills etc. Well I started to think I'm shocked it's not higher!

  • Perks are great when offering a polished package (say that quickly ten times lol). It's a balance with offering an engaging role as well.

    I've found that many companies offer a lot of perks that many employees aren't aware of. Particularly in large organisations with a higher staff t/o. This kind of backs up your point exactly. There's a reason companies offer perks - to engage staff. So, you've got to get a great job package sorted and shout about it!

     

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