YourBusinessWithJamesCaan2016 - 189

XXXX

Benefits boost
You've started your business and chosen your team -
now, how do you keep them? It's time to think about
staff perks - and they don't have to cost the earth

W

hatever your business, or the size
of your company, the key to
success is having a team of talented,
hard-working employees. But you need
to keep staff happy and motivated.
If they lose enthusiasm, their
performance will suffer, they'll become
less productive, and they may even
leave to go to a competitor.
It takes more than a decent salary to
keep staff morale high. One of the most
effective ways is to provide company
benefits - and we're not just talking
about pensions, holiday entitlement
and parental leave (although those are
important and in some cases, legal
requirements). Increasingly, companies
realise they have to offer employees

FIT AND HEALTHY
KEEPING ACTIVE

Big companies sometimes have an
on-site gym. If that's not an option,
many local gyms will offer a company
discount to local workers, which costs
you nothing, saves your staff cash, and
keeps your workforce healthier -
everyone's a winner! A weekly running
club or five-a-side football will improve
fitness while also building team spirit.
Bike schemes offer an incentive for
those who want to stay active (and save

more. According to a survey by jobs
website glassdoor.com, 57% of people
say benefits and perks are one of their
top considerations for accepting a job,
and four out of five would choose more
benefits over a pay rise.
But perks don't need to cost a lot, and
some are completely free to your
business - simple, innovative ideas are
just as good for making staff feel valued.
Any money you do invest will pay
dividends in retaining good employees
and keeping them enthused. According
to research, 36% of businesses say they
actually save money by having a
benefits scheme, and 46% say there's no
additional cost to their business. Here
are 12 staff perks you could consider...

MORE IN THEIR
POCKETS

SAVINGS ON EATING OUT

Many companies offer employees
a discount restaurant card, such as
the Tastecard. This allows you to
make savings such as two-for-one
deals or 50% off in many high-street
chains, including Pizza Express
and Strada. It doesn't cost your
company anything but it helps
salaries go further.

CLOTHING ADVANCE

If a new employee is expected to have
a smart, professional wardrobe, a 0%
interest clothing advance, recouped
from their salary throughout the year,
can get them off to a good start -
especially for graduates who don't
have much cash for upfront costs.

DISCOUNTS IN LOCAL SHOPS

Company discounts in local shops can
often be arranged at no cost to you.
Contact businesses in the area to find
out what they're willing to offer.

on commuting costs). Lunchtime yoga
classes require little more than a
decent-sized room for a visiting teacher.

themselves or think about a vending
machine, offering cereal bars, rice cakes
and nutrient-rich drinks.

HEALTHY SNACKS

FREE COUNSELLING

When people are working long hours or
need an afternoon pick-me-up, they're
often frustrated by the options available
- biscuits, chocolate and fizzy drinks
are losing appeal in these
health-conscious times.
Consider having a fruit basket
from which staff can help

Large companies might have an on-site
counsellor, while others will pay for
employees to see a counsellor if they've
got problems. Paying attention to
your employees' mental health
pays for itself in the long run,
helping them cope with stress
and reducing sick leave.

189


http://www.glassdoor.com

YourBusinessWithJamesCaan2016

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