retention

Why Employers Must Take a Closer Look at their Benefits Package

Designing an effective benefits package that covers employee needs and wants and still allows a company to meet its bottomline is one of the most difficult challenges employers face. For one, there is no such thing as a one-size-fits-all benefits package that will satisfy all employees within one organization. This is particularly true if there are demographic as well as geographic factors to be considered.

Out with the Old

Are you driving away your frontline associates and future company leaders? Frontline employees are those that handle customer care, marketing and sales while high potential employees are those being eyed by management as future supervisors and managers. Employers also reported that employees working in information, computer, finance and accounting are also notoriously difficult to retain. A survey of 94 companies by ClearRock, a Boston firm specializing in executive coaching and outplacement services, shows that employee retention is a problem facing many of today's employers.

Employee Burnout in a Nutshell

I. What is burnout?
- Burnout is an “exhaustion of physical or emotional strength or motivation usually as a result of prolonged stress or frustration.” Burnout happens to the best employees.

II. Why is it important to recognize the symptoms?
- To be proactive
- Leads to turnover
- Impacts revenue
- Depletes company morale
- Leads to absenteeism
- Leads to increase in burnout of co-workers