As interest in worker well-being hits an all time high, we look at some real life examples of schemes bosses are using to retain their staff and the potential options available to businesses.
What Workers Want
It’s no secret that workers want increased compensation this year. And as an employer, unfortunately the power has shifted somewhat to the employee as many industries and companies suffer talent shortages. In response to this, a myriad of well-being schemes are being implemented throughout the business world designed to retain talent, and we’ve got just a few of them below, included some less costly options for the smaller business.
This is a trend coming over from the USA - Sprint Nextel, Hurst and Ayetna all have regular onsite health clinics to keep their teams healthy and therefore engaged and productive. As the clinics reside inhouse, this means workers are in the office more, take less days off sick and take less annual leave days to go to health appointments.
The Government has a Fit for Work scheme whereby companies can offer free occupational health care to their workers. It is Government funded and clearly shows that the need for wellness at work has gone right to the top – so if smaller businesses struggle with budget but want to offer wellbeing benefits for their teams, they can do so via this scheme.
Another of the cheaper well-being alternatives companies can implement is a breakfast club! This is great for the smaller business. Offering employees a free breakfast has shown to work wonders in keeping employees engaged.
In addition to breakfast clubs, complimentary gym memberships are another popular well-being initiative – some firms also offer fitness classes instead of full memberships if cost is an issue.
Expensive Gifts and Treats
We’ve covered this recently, but some firms are spending quite frankly astronomical amounts of money on worker well-being! One man spent £24 million taking 10,000 staff on holiday while another imported 120 tonnes of sand to turn his car park into a beach to conduct job interviews!
And so we come to what one survey sees as the most effective way to improve worker well-being – offering flexible working. Half of workers want it, and legally if they have worked for your company for a continuous period of 26 weeks or more they are allowed to legally request it as was implemented by the Government in 2015.
For the smaller business, costs can spiral quickly. Our small business recruitment service can save both time and money, helping you to make the right hire. As for worker wellbeing, we hope the above offers up some inspiration to keep that coveted talent you worked so hard to get!
"the most effective way to improve worker well-being – offering flexible working"