What can businesses do about the great resignation?

With ? of UK workers considering a career change at the start of 2022, the ‘great resignation’ has shaken up businesses - and its effects are still rippling throughout many industries.

People are quitting their jobs left, right and centre in search of better work-life balance, more recognition, and flexibility. This has impacted almost every sector and industry, and it doesn’t look like it’s going to slow down any time soon. In fact, 91% of HR leaders are concerned about employee turnover in the immediate future.

So what led to this mass exodus? Well, besides the pandemic giving us all time to reevaluate our lives, there are other factors to consider. Remote working, for one as people love the flexibility that comes with it.

Then there’s the rising cost of living. With everything going up in price, people want more bang for their buck, and that’s where benefits come in. A recent survey found that 70% of employees said saving money was the top priority when it came to benefits offered by their employer. And the same survey found that X of employees w So, companies that don’t offer good benefits risk losing their best people.

There’s also the impact from the cost of the great resignation. It’s estimated that losing an employee can cost a company 1.5 - 2 times the employee’s salary. That’s a lot of money and time wasted, not to mention the stress and pressure on

existing team members to pick up the slack. But don’t worry, there are ways to navigate the great resignation.

One way to do that is by offering a great benefits package to employees. According to research by Willis Towers Watson, 75% of employees are more likely to stay with their employer because of the benefits package. By offering a good benefits package, you can attract and retain top talent in the business.

A benefits package supports employees and improves their wellbeing. And having options within this package makes sure that each employee is incentivised. And one substantial benefit, which is a major bonus for many employees, is an electric vehicle on a salary sacrifice scheme.

The salary sacrifice scheme is still heavily incentivised by the government, so it’s very cost-efficient for both employer and employee. It’ll also save money in running costs and contribute towards a greener environment - all while each team member has access to a brand new electric vehicle!

With our EV salary sacrifice scheme, your team can have access to a brand new electric vehicle without any upfront costs. The car is paid through their gross salary automatically each month. Plus, it saves money in running costs and contributes towards a greener environment - it’s a win-win for everyone!

So, if you want to retain the very best in the business, consider offering a great benefits package. That way, you can keep your employees happy and there’s a higher chance that they stick around for the long term!