4 Important Things To Do For Your Company Staff This Year

 

Companies the world over have been badly hit by the Coronavirus epidemic, with many small enterprises shutting down and even bigger corporations struggling with huge losses. However, as economies limp back to some semblance of normalcy, businesses are studying ways to arrest employee attrition and increase output. Employees may be struggling with mental health issues, financial problems and even fears over their future with the company. The year 2021 is about to be a watershed year in the fight against COVID-19 and for businesses taking employee welfare into consideration before charting future courses of action.

The following are our suggestions for 4 things you can do for staff wellbeing in 2021:

#1 Extend the WFH model for a few more months.

Though the UAE has tackled the Coronavirus epidemic admirably well, the virus still has its hooks firmly into the world. The threat has not passed, and it is always safer to stay at home instead of going outside the house and increasing the chances of interaction with potentially infected people. If your line of work allows it, you could try extending the WFH (Work From Home) model to your employees. Or if certain departments need to be in the workplace (such as IT and Accounts), they could come in twice a week to keep things on track. Wherever possible, limit employee attendance in the office and shift all work modes online, from team meetings to client pitches.

#2 Include top level management in corporate credit card programs.

Every employee would be gratified to have a company-sponsored credit card. Leading banks in Dubai offer the best corporate credit cards. The corporate credit card pays business expenses, manages employee expenditure, gives visibility of each spend, streamlines payments, offers rewards and benefits to the employee (travel insurance, complimentary visits to Priority Pass™ lounges, airport lounge access, paperless processing). The corporate credit card keeps your company’s expenses in check while offering employees greater flexibility to carry out office-related work.

#3 Include all employees in group health insurance schemes.

Employees are motivated to work harder and better their own performance metrics if they feel that the company values their contribution. The best way to show that you care for your employees’ wellbeing, is by buying a group health insurance plan for the office. Employees are less likely to quit the organisation if they are offered company-sponsored health insurance, whose benefits may be extended to their families. The best corporate health insurance policies offer group plans that you can add new members to whenever there are fresh recruits. The group premiums are quite low and claims are processed quickly when the need arises.

#4 Offer realistic performance incentives that benefit both them and the company.

Employees perform better if they have targets to work towards – but these targets must be realistically assigned. A person is demotivated if the target seems too difficult to accomplish. That’s not to say that they must be presented with simplistic incentives – on the contrary, every person relishes a challenge. Instead of individual incentives, you can design group projects where the best worker is given a small break or a month’s pay as an incentive. Some companies even send performers of the month on short trips, or offer shopping vouchers. Mid-level employees may be encouraged to take paid short term online courses with the rider that they may be promoted to senior positions with another set of targets using the course knowledge.

A happy, cared-for employee force is bound to work harder to retain their jobs and flourish in their roles. We hope this article help you gain perspective on staff retention.