The challenge for many employers, especially when major external events such as the coronavirus create economic uncertainty, is to ensure that your employees are protected. By providing the right level of practical and emotional support to your workforce, you also protect your business and its performance.
Employers are finding that they need to have a wider range of benefits in place that cross the generational boundaries to retain and attract the best people. Put simply, your reward strategy is no longer just about pay.
Benefits have a key role supporting businesses in lifting employee productivity and can massively impact business results.
It’s important that you keep up to date with the latest developments in the industry and update your reward schemes regularly. It’s also imperative that you have a thorough communication strategy, perhaps through on online platform like the Smart Hive, to provide a thorough health and wellbeing strategy.
Find out more about supporting employee wellbeing during uncertainty.