How Flexible Working Policies Can Improve Staff Retention
Staff turnover is a significant issue for many New Zealand businesses. It's disruptive and surprisingly expensive: between hiring, onboarding and training, new team members can take months to reach their break-even point, where the money they bring into the business surpasses the cost of hiring them.Effective employee retention strategies are key to maximising the growth and profitability of your business. They can also help to create a better atmosphere within the organisation, by enhancing the...
December 18, 20247 Effective Staff Retention Strategies to Help Your NZ Businesses Retain its Top Employees
Your people are your most valuable asset. It's a business cliche for a reason. And in New Zealand's relatively limited talent market, retaining top workers is every bit as important as attracting them, because the best can prove quite hard to replace.The good news: there are a range of proven strategies that can help your business to retain its best employees. By implementing these strategies you can boost employee job satisfaction, make your business more efficient and productive, and build a r...
December 18, 2024Best Employee Retention Practices: Tips and Strategies
Employee retention is one of the most critical challenges facing businesses today. High turnover rates can lead to significant costs, disrupt organisational culture, and diminish productivity. To build a committed and stable workforce, HR managers must implement effective retention strategies. This blog explores the best practices for employee retention, offering actionable tips and strategies to help reduce turnover and enhance employee satisfaction and loyalty....
October 30, 2024How Company Culture Boosts Employee Retention: The Importance of a Positive Workplace Environment
If you're a business owner or manager, you understand the importance of keeping your employees happy and engaged. One of the most effective ways to achieve this is by cultivating a strong company culture. When employees feel connected to the company's mission, values, and goals, they are more likely to feel valued and a sense of belonging. This positive environment fosters higher morale, greater job satisfaction, and increased loyalty, leading to improved performance and reduced turnover.Researc...
August 6, 2024Navigating Employment Benefits: An Employer’s Guide
Employment benefits are crucial in attracting and retaining top talent. They not only enhance employee satisfaction but also contribute to a positive workplace culture. This guide aims to help employers navigate the complexities of employment benefits, ensuring they provide valuable, comprehensive packages that meet their employees' needs....
June 26, 2024Strategic Employee Benefits: Investing in Teams
Offering a comprehensive employee benefits package is one of the most important strategies for attracting and retaining high-quality employees in today's competitive job market.In the following post, we cover the key benefits and perks that employers in New Zealand should consider as part of their overall compensation package. ...
June 12, 2024Unlocking Staff Discounts: A Guide for NZ Employers
Staff discounts can be crucial in a competitive job market because they attract and retain top talent while enhancing your organisation's competitiveness. This guide explores the advantages of including these perks as part of your employee benefits package, the implementation of a successful discount scheme, and how to ensure your employees fully benefit....
May 22, 2024Employee Benefits in New Zealand
In the ever evolving work places of New Zealand, having an attractive employee benefits package is essential. Employee benefits can help create a positive work culture by ensuring your employees feel valued and appreciated. A competitive benefits package ensures your business stands out to potential employees. Having appropriate and appealing benefits for your company to offer draws talent to your business and also helps in improving employee retention. Employee benefits should be a priority as ...
January 30, 2024Employee Recognition
Employee recognition is a crucial aspect of any business, regardless of the size or industry. Recognizing employees for their hard work and dedication can improve morale, motivation, and job satisfaction, which ultimately leads to increased productivity and a positive work environment. In New Zealand, many companies are realizing the importance of employee recognition and are implementing various strategies to acknowledge their staff's contributions.One of the most popular ways to recognize empl...
August 1, 2023Work Life balance
Work-life balance is a crucial aspect of our lives, especially in today's fast-paced world where we are always connected and available. In New Zealand, there is a growing focus on work-life balance, with employers and employees alike recognizing the benefits of achieving this balance. In this blog post, we will explore the concept of work-life balance in New Zealand and the steps that can be taken to achieve it.What is work-life balance?Work-life balance refers to the ability to maintain a healt...
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How do we help you with staff retention?
One way to enhance employee retention, loyalty, and foster a more positive work culture is by utilizing 1Team's company benefits plan, which is linked to well-known retailers and service providers. Supplement employee compensation, thereby bolstering your team's overall satisfaction.