2020 saw a great change in the way we live and work. Middle of 2020 onwards, among the many pandemic terms being flung around was a wave of “The Great Resignation”. Waves of people left jobs citing dissatisfaction or the need to do more than the work they’ve been doing. A lot of the buzz around the Great Resignation were about individual epiphany, but there are lessons for business as well. After all, aren’t businesses, “Only as good as its people”?
A January 2022 article from the Forbes Business Council addressed ways to motivate employees more than workday energizers, appreciative gestures, or additional training. They also advised business owners to “Ask employees what they want” and “Offer incentives”. In making these two acts a part of company culture, employees become engaged, motivated, and best of all, supported.
As more and more companies shift to hybrid work, incentives and workplace benefits have become more competitive. Different surveys since middle of 2020 to today have found that company incentives and benefits are the determining factors to employees staying or looking to work elsewhere. Insurance coverage is a huge factor for not just employee motivation, but dedication to the company. Medical and life insurance are benefits that Filipino employees most desire from prospective employers, according to a recent study by a strategy and consulting firm [link to What Filipinos Want to Get Insured For]. It also helps if an insurance product is flexible and accessible, like the products offered by Generali.
A company’s success takes a lot of work, and not just work into the company structure and product. Benefits are key to retaining talent and while ensuring that employees are motivated to do their best at work, especially in the face of The Great Resignation.
Forbes: 14 Simple and Effective Ways to Motivate Your Employees