How Your Company’s Holiday Party Can Increase Employee Retention
A key strategy to increase employee retention at your company could be your holiday party.
It was very common for companies to cut their holiday parties for the last decade due to tight budgets. In today’s healthy economy it should be reconsidered, as it can be the catalyst to keeping your team together.
The Employee Experience
According to Deloitte’s 2017 Global Human Capital Trends, organizations are placing much more emphasis on the “employee experience.” Businesses are recognizing the blurred lines between work and personal life, the desire to move along a career path, and the importance of culture, values and rewards to employees – and they’re opening their wallets to create desirable places to work.
For example, many of today’s organizations offer valuable perks and benefits to increase employee retention. Massages, free lunch and childcare subsidies are just some of the highlights of employment these days. It truly is a holistic view of the employee at work, in the workplace and among the workforce – and what the company can do to improve those experiences.
Start Your Experience this Holiday Season
Thankfully, you don’t have to completely revamp your company culture to retain your employees. It can be as straightforward as bringing back the holiday party that hasn’t been in the budget previously; or, elevating the company holiday party to another level, and making it an extra special experience for the entire team.
Start this holiday season with a company party to recognize and celebrate your employees. It can kick start the employee experience at your own company and help you increase employee retention into the next year.
With the economy on the upswing and employees looking at the entire work experience, it’s more important than ever to invest in your employees – so they’ll want to invest their time, skills and passions into your company.