Employee churn is an ongoing challenge for every kind of New Zealand business. In 2018, Lawson Williams National Staff Turnover Survey showed that staff turnover stood at 20%, a slight increase on the year before, which means that two out of every ten employees will leave you this year.
When we consider the costs involved with recruiting new people and training them up, as well as the cost of productivity dips while they’re coming up to speed, constantly losing employees is expensive, stressful and frustrating.
Coming up with a perks programme to keep good people for longer is a smart strategy for reducing staff turnover. It may cost a little, but any expense will be more than neutralised by reducing recruitment and training costs.
So what do employees want from a perks programme?
A report by recruitment specialists Hudson shows that work-life balance is the number one priority for job seekers. Accordingly, one of the quickest ways to make your employees happier and more likely to stay is to offer more flexibility around working hours and location, parental leave and unpaid leave for extended holidays. An employee incentive programme is also another great idea. It not only gives your staff access to great deals and discounts on things they already purchase in their day to day life, but it’s a great way to show them that you, as an employer, want to contribute to them obtaining a good work-life balance – on top of letting them know that they’re appreciated – and this is where Boost comes in.
Boost is an employee benefits programme designed to assist staff retention
Designed and operated by n3, New Zealand’s leading business buying group, Boost is the first subscription-based employee benefits programme in New Zealand. For a small fee, it’s instantly available to any Kiwi business, which means small companies can now compete with the valuable employee benefits programmes offered by large companies.
With Boost, you can create an employee benefits package that delivers discounts to your people every day. Employees can access staff discount deals with a card, an app and through a website. As Boost members, your people get discounts on:
- Health and life insurance
- Car maintenance, tyres and batteries
- Home renovation supplies, including paint and building materials
- Airfares, rental cars and hotel accommodation
- Furniture and curtains
- School holiday entertainment
- Food and drink
- Spectacles and prescription sunglasses
A Boost staff discount programme for your business costs as little as $10 per person, per year
You don’t have to spend a lot on an employee benefits programme. Basic Boost membership for your employees can cost as little as $10 per person a year. If you want all the bells and whistles, the price is only $14 per person annually.
To find out more about Boost, click here or to ask us about getting Boost for your business, click here.