We all know how important recruitment is for a company. The core of any company is its employees, so a good recruitment process is key to a successful company. But finding the right candidates isn’t as easy as it sounds. In fact, HR Dive reported a talent shortage was one of the top concerns of organizations going into 2019, and by the looks of it, that concern has remained strong as the year enters its half-way point.
So how can recruiters be successful as they seek out talented candidates for their open roles? We think we know one solution – and it’s easier than you think! A perks and discount program is one tool you can leverage during your recruitment to acquire the best talent possible. Check out why!
1. Demonstrates an Investment in Employee Financial Wellness
Did you know 85 percent of employees admitted to feeling anxious about their personal finances, which often interferes with their work? On top of that, 33 percent of respondents said they worry about their finances more than once a week! For almost any employee – and candidate – finances can be a stressful subject. But not all companies can invest in their employees’ financial wellness through monetary benefits, like a bonus or raise in salary. An easier and less expensive solution is a free perks and discounts program that finds other ways for employees to save, namely in the important purchases they’re making on things like cars, vacations, and everyday items. Showing your candidates an investment in their financial wellness will help increase their attraction to your organization!
2. Encourages Employee Work/Life Balance
Almost half of HR leaders say between 20-50 percent of their employee turnover is due to workplace burnout. And when job seekers begin looking for a new job, what is one of the top qualities they look for? A recent Glassdoor study found that 47 percent of respondents said a work-life balance is a top-selling point for organizations they’re considering. But that balance is a difficult thing to strike for employers. Believe it or not, a perks and discounts program can help with this. When employers encourage employees to use a program that offers discounts in categories like travel, health and wellness, and personal hobbies, they’re thus encouraging their employees to pursue their interests outside of work that will keep them healthy and offer a source of relief from the stress that can come from the workplace.
3. Keeps Company Competitive in Recruitment Efforts
With such a strong talent shortage taking place in the recruitment field, finding a way to remain competitive in the hunt for talented candidates feels like a never-ending battle. Companies can easily tout a great work culture or a development program. In fact, we firmly believe all companies should do so! But how can you separate your organization from the crowd? Offer a competitive voluntary benefits suite, perks and discounts program included, that helps round out an already enticing offer for your top candidates. Over half of respondents to a Glassdoor survey said they strongly consider the perks and benefits included in a job offer before accepting. Guarantee a positive response to your next offer letter by including a benefit like perks and discounts in the voluntary benefits you provide!
Every organization knows the importance of recruitment, both to their culture and their bottom line. If you’re looking to improve your employee recruitment, especially during a time when it’s becoming increasingly difficult to secure the best candidates, start leveraging your perks and discounts program as a recruitment tool! And if you don’t offer a perks and discounts program, now is the time to start. Click here to learn more about PerkSpot’s perks and discounts program.