AMP’s director of advice and sales, Blair Vernon joined Paul Henry to discuss how employee benefits can be used to entice and retain staff.
1. They attract and retain employees – it’s a win-win
More and more businesses are looking at what benefits they can provide that prospective and current employees might consider. Many businesses will look at what they sell as something that can be provided to employees as a valued benefit.
Having employee benefits has obvious costs and health benefits to the employee, but it also has advantages to the employer. Recruitment costs are kept down through higher retention, well-being means less sick days and more productivity for the business.
2. They open access for employees that might not usually get them.
Subsidised or free health or life insurance are common benefits that employees might otherwise not get. Business such as AMP also offer free mole mapping, personal health checks, nutrition and work life balance seminars to employees. Many of these services also wouldn’t or couldn’t be accessed by individuals in their own time or under their own budget.
3. They can act as a recruitment tool
As employees talk to friends and family about the benefits they receive, they place the business in a positive light. This is also a positive for employee engagement.
Watch the video for the full interview with Blair Vernon.