Today’s job market is quickly expanding all over The United States. The workforce is expected to grow at a rate of 4.4% between the years of 2013 and 2017, while in Tucson this rate is even higher at 6.8% (America’s Job Outlook: Occupational Projections 2013-2017, 2013). While this growth in employment typically comes with advantageous side effects such as decreased unemployment rates, metropolitan economic development, and increased spending, there can also be a number of unprecedented pitfalls lurking just around the corner.
One such side effect of this growth is expected to be increased employee turnover rates. As the economy improves, today’s workforce will have a larger selection of jobs available to them making it possible for this same group to explore other employers and benefits, regardless of their current job status. In order to combat employee turnover, companies will need to not only hire right the first time and invest heavily in career development, but they will also need to consider the benefits and perks they’re currently offering. Are they competitive in the market? Are there perks available for offer that the competition isn’t taking advantage of? A simple change that can be made in an employee benefits package is the addition of a Workplace Discount Program. Employers should be proactive in reaching out to local businesses in order to arrange these, and then in turn they should vocalize these changes to their employees so they can be properly appreciated.
Most Workplace Discount Programs function by providing employees with an Employer ID- something that associates them with the business and gives them access to a pre-arranged discount at a participating vendor. While these can take a fair bit of effort to develop, they are a simple and cost-effective way to “sweeten the pie” for employees and can lead to the kind of employee satisfaction that deters job searching.
Shaner’s Suggestion: We are one of the only independent agencies in the area that offers a Workplace Discount Program for insurance coverage. As an employer, our program allows you to expand your employee benefits package at no cost to you. By partnering with the Shaner Insurance Group, your employees can enjoy a percentage discount on already established policies, or we can provide them with a free quote to determine if there is a more appropriate policy out there for them. Call us today at (520)333-6224 or stop in to our office at 1250 S. 4th Ave. for more details and to see if your business qualifies for a program like ours!