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Tops tips for staff retention and attracting top talent

staff retentionWant to improve your staff retention?

With technology skills in high demand, companies want to ensure that when they find top talent, they hold on to them. There is nothing worse than losing your star employees, especially to competitors.

Hiring and training new employees is costly, both in terms of time and money.  To minimise the chances of losing your best team members, you want to ensure you are doing everything you can to keep them happy and motivated.  The reasons why individuals take one offer over another, vary from person to person. But, according to Glassdoor, 57% of people said that benefits and / or perks are among their top considerations, before accepting a job offer.

Whether you are a large consultancy or a small start-up company, here is our run down on the top 10 benefits being offered by technology companies. to attract and retain staff:

  • Employee perks, such as: Perkbox, taste cards, gym membership, on-site car parking, etc. 
  • Childcare vouchers or ‘baby cash’ (for example, Facebook offer staff $4,000 to help with the cost of adding a newborn baby to the family)
  • Paid voluntary work (Salesforce.com offer employees 6 days paid voluntary work)
  • Maternity / paternity leave (Netflix offer a full year of paid maternity / paternity leave for staff)
  • Flexible working hours 
  • Remote or flexible locations
  • Student loan debt reimbursement
  • Retirement and life insurance scheme
  • A clear training and career development program
  • Paying towards qualifications or certifications

And let’s not forget one of the most important things you can do to help with staff retention… showing appreciation for a job well done!

Benefits are a fantastic incentive to keep employees. But let’s not forget the key part of a remuneration package – the base salary. Keeping up with your competitors on base salaries will mean that you won’t lose out on good people. To check if you are offering market rate (or more than market rate) take our salary survey now.

2016-03-11T11:35:20+00:00 Recruitment, Work Tips|