Prioritising employee welfare has become more prominent in recent years, as employers have put more focus into ensuring that hard-working employees stay with their business, rather than seeking alternative employment.
The key to this is effective and consistent engagement. When engaged, employees are usually happier in their jobs and productivity is much higher. If employees are happy, they tend to stay with their employer for longer and on a more effective basis. Many employers choose to incentivise staff for these reasons, which can take the form of providing more holiday leave entitlement, a flexible benefits package or performance bonuses.
The key to engagement is to make the employee feel like a stakeholder in the business. They become more invested in it and feel that they are intrinsically linked to the success of the business and actively seek to work hard for the benefit of that business.
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