Member Article

Make motivation top of the to-do list

With many businesses anticipating the Chancellor’s autumn statement today (29 November) and the new economic challenges it may bring, organisations will be focusing on their bottom line and how to improve financial performance in the tough times ahead. For many businesses, motivating staff and boosting morale is the key.

Programmes such as Employee Savings benefits are a cost effective way for organisations to show staff they value the contribution they are making. With many staff struggling with rising household bills, these programmes offer a way for employers to help staff meet the higher cost of living, even if they can’t promise a pay rise, as well as boost employee engagement and retention. Employers who join these schemes can effectively give their staff a pay rise of almost £1000 a year pre tax, at minimal cost to the business.

With inflation hitting five per cent and crippling increases in fuel and utility prices, employee savings benefits can help by giving staff a way to make their money go further with discounts on everything from food and drink to travel, motoring and finance as well as cash-back offers.

Andy Philpott, sales and marketing director at Edenred, comments:

“With the tough economic climate set to continue, these small savings can make a big difference – not just to employees’ finances, but also to the way they feel about working for the business. A motivated employee will be focused on the businesses’ targets and help them boost their bottom line.

“Anything that enables the family budget to go further, or gives employees a treat to look forward to in the dark days of January is always likely to be welcome.”

This was posted in Bdaily's Members' News section by Emma Ward .