Would you like the means to retain your current staff?

If so, you are not alone. In a recent study, it was reported that:

• An average of 18.2% of employees leave their employment each year;

• The average cost to replace each employee is £3462;

• 66% of companies say that this has a negative effect on their performance;

• On average organisations take 9,5 weeks to fill a vacancy.

Source: CIPD Labour Turnover Survey 2002

Think about what would happen if you lose key staff. How would this affect your business? One way to stop employees leaving is to offer an enhanced benefits package (often as an alternative to a pay rise). This has the effect of providing you with enhanced staff loyalty and productivity. What is more, the benefits are tax deductable for your business.Typical staff benefits can include:

• Pensions

• Life Cover

• Income Protection

• Critical illness cover

• Private Medical insurance

• Dental Insurance

• International Health Insurance

• Employee Assistance Programmes