Do employee benefits reduce turnover?

Controlling turnover is one of the main roles of HR . After all, a high rate of layoffs and hiring ends up generating excessive costs, loss of talent and drop in productivity, which is bad for the health of the business. In this scenario, many people ask themselves: do employee benefits reduce turnover ?

The answer is yes . A benefits package designed with the needs of employees in mind has everything to help the company retain its talents for as long as possible. Some of these benefits are:

  • transport solutions;
  • financial well-being;
  • support for studies;
  • incentives to health and well-being;
  • awards;
  • flexible routine.

Want to know more about these benefits? Below you will see a detailed explanation of each one. Check out!

Transport solutions

Diversified transportation solutions are among the greatest evidence that employee benefits reduce turnover.

This type of initiative goes far beyond the traditional transportation voucher , which subsidizes public transport tickets for commuting to and from work. It is necessary to think about offering alternatives that add quality of life to the routine.

For example: if the company has employees who live far from the office, it can offer the option of chartered transport . Thus, employees make the long commute much more comfortable, avoiding the chaos of public transport, especially during peak hours and rainy days.

For those with a car, it may be interesting to replace the VT with a gasoline aid . Agreements and gratuities in nearby parking lots are also welcome.

Those who live closer may prefer to go to work by bicycle , as long as the company provides adequate conditions for this. Some companies have bike racks for employees to store their bikes, and even provide changing rooms with showers for those who arrive sweaty after cycling.

With so many transportation facilities, the quality of life increases a lot, which is essential to keep talents close by. When the routine is stressful, the chances of losing professionals to competitors are much greater.

Financial well-being

Most Brazilians have problems with debts or do not have an adequate cash reserve for emergencies. Therefore, taking care of the financial well-being of the team is among the main benefits for employees that reduce turnover.

Contrary to what many people think, this does not necessarily mean increasing the salary of employees. The big secret is to offer tools that allow greater control over personal finances .

Trend in the market, the salary on demand fits perfectly in this objective. In this model, the employee has the option to withdraw money from days already worked at any time of the month , without waiting for the fixed payment date. Everything is done through an app, in a simple, fast and secure way.

This way, the employee has much more flexibility to organize his budget, plan expenses and deal with unforeseen circumstances, since he will always have access to his salary.

Promoting financial education in the company is also a great alternative. With more knowledge on how to save, invest and plan financially , the employee will be able to reduce the stress and worry generated by debt and other issues involving money on their own.

All this care is rewarded with a much more engaged team , which makes employees more likely to stay in the company.

Support for studies

Provide support for studies is another key benefit for employees who reduce turnover. Often employees want to take a new undergraduate, graduate or even free course, but end up not being able to afford these expenses on their own.

When the company has partnerships for scholarships and discounts at universities and educational institutions , it is a golden opportunity for these employees. In addition to becoming more complete professionals, they feel valued and grateful for the chance to advance their studies, which helps to increase talent retention.

Incentives to health and well-being

Another good way to reduce turnover is through health and well-being incentives . The basic measure is to have a quality health plan , with good coverage for consultations, exams and procedures. But not only that.

The company can, for example, offer free fruit throughout the working hours to encourage healthy eating . If there is a restaurant on site, even better: develop a balanced menu accompanied by nutritionists, taking close care of the health of the team.

Incentives for physical activity are also great benefits for employees who reduce turnover. There are several alternatives: yoga classes, stretching, gymnastics, agreements with gyms and various sports groups, such as soccer and running.

Awards

Among the benefits for employees who reduce turnover, the p performance by remiações are a great success in business. This type of measure is excellent for valuing the efforts of employees and making them more engaged, reducing turnover.

The award can be given in cash or in other formats , depending on company policy. The criteria are also varied. Check out some examples:

  • semiannual bonuses based on pre-established goals;
  • annual trips for professionals with the best conduct (punctuality, performance, teamwork, etc.);
  • gifts and public recognition for employees who have been on the job longer (every 5, 10, 15 years).

Flexible routine

With the changes in the market in recent years, professionals now have new priorities in their careers. Among them, perhaps the greatest is the balance between personal and professional life . And one of the most effective ways to offer this is by implementing flexible working hours, whether with home office or alternative hours.

In this way, employees suffer less in traffic, can better reconcile their commitments and are able to work when they feel most productive. With so many advantages, they will surely think twice before looking for opportunities in other companies.

Now that you know the benefits for employees that reduce turnover, how about putting what you’ve learned into practice? Assess the needs of the team and create a benefits package relevant to the quality of life of employees. So you can leverage your results in people management and in the control of turnover.

 

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