What can we do to retain people?
Our results indicate that employers offering the benefits that employees need will be best positioned to restore trust, loyalty, and job satisfaction.
In other words, they will be less likely to seek out new opportunities elsewhere and may even recommend their employee to friends and family seeking something more fulfilling.
To counter the Great Resignation and mitigate the astronomical costs of replacing an employee, you need to go beyond offering basic benefits like health and dental.
Consider expanding your benefits packages to include coverage for extended families. Granted, there are many barriers – including higher costs and legal issues in some jurisdictions – to expanding access to healthcare plans in this manner.
However, organizations should recognize the misalignment between some of their offerings and workers’ household needs and seek ways to make their benefits more inclusive and flexible where possible.
With a growing number of people serving as caregivers for ailing parents or disabled relatives, the ability to provide healthcare benefits and health navigation services for these individuals can go a long way.