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Operations

Boost employee retention with sustainable benefits: a win-win strategy

June 15, 2023

Operations

Boost employee retention with sustainable benefits: a win-win strategy

June 15, 2023

Photo by Simon Abrams on Unsplash

Incorporating environmentally sustainable benefits into your employee benefits programme has become increasingly significant. But what are they and why are they important?

Retaining top talent is crucial for organisations, and sustainable benefits play a key role in achieving this goal. While traditional employee benefits are important, incorporating environmentally sustainable benefits has become increasingly significant. Employees value sustainability and seek organisations that are committed to corporate social responsibility. By offering sustainable benefits, companies can enhance employee retention, satisfaction, and contribute to a positive impact on the environment.

Let’s dive into some examples of sustainable benefits:

  1. Salary sacrifice electric car scheme: Encourage employees to switch to electric cars by offering a salary sacrifice scheme where they exchange a portion of their salary for an electric vehicle. This scheme benefits employees and the environment alike.
  2. Remote working: Embrace remote working as it reduces the need for transportation and minimizes carbon footprints.
  3. Volunteer days: Provide paid time off for employees to volunteer, supporting causes that align with their values and the organization’s sustainability goals.
  4. Green perks: Offer discounts and benefits on products and services that promote sustainability, such as those that prioritize reducing carbon footprints, use recyclable materials, and are locally sourced.

Sustainable benefits improve employees’ quality of life and help them make a difference in preserving the planet. Research indicates that over 50% of employees prefer working for organizations that support sustainability, and more than three-quarters are likely to continue working for such companies. These benefits also foster employee engagement and contribute to overall workplace satisfaction.

Once you’ve rolled out your sustainable benefits program, here are some handy ways to measure their success:

  1. Communicate with employees: Seek employee feedback to understand their preferences and make improvements accordingly.
  2. Conduct questionnaires: Administer anonymous questionnaires to assess employee satisfaction with the current benefits program.
  3. Review participation rates: Monitor employee participation in sustainable benefits, such as schemes, perks, and volunteer days, to evaluate the program’s success.
  4. Monitor retention rates: Compare employee retention rates before, during, and after implementing sustainable benefits to gauge their impact on employee retention.

Read the full report here.

Incorporating environmentally sustainable benefits into your employee benefits programme has become increasingly significant. But what are t
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