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Business
Services - Employee Benefits
Do
you have trouble keeping your current staff?
If so, you are not alone. In a recent study,
it was reported that:
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An
average of 18.2% of employees leave their employment
each year;
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The
average cost to replace each employee is £3462;
-
66%
of companies say that this has a negative effect
on their performance;
-
On
average organisations take 9,5 weeks to fill a vacancy.
Source:
CIPD Labour Turnover Survey 2002 |
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Think
about what would happen if you lose key staff. How would this affect
your business?
One way to stop employees leaving is
to offer an enhanced benefits package (often as an alternative to
a pay rise). This has the effect of providing you with enhanced
staff loyalty and productivity. What is more, the benefits are tax
deductable for your business.
Typical staff benefits can include:
- Pensions
- Life Cover
- Income Protection (in lieu of sick pay)
- Critical illness cover
- Medical insurance
For more information on employee
benefits and how they can help your business, please contact us.
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For
United Kingdom residents over 18 only. © 2003 - 2008 Woodruff Financial
Planning.