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08 Dec 2022

How can benefits data support employee retention and attraction?

A great benefits programme should be inclusive, personalised, hosts a range of diverse benefits and be data driven

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The first step to creating a great employee benefits programme is to understand your employees and their unique wants and needs, through data collection.

Armed with this knowledge, only then can employers provide an outstanding benefits programme that helps support retention and talent attraction.

When developing an effective and relevant wellbeing programme for employees, it is important to consider that each employee is different and that everyone has differing needs and wants.

With a technology-based financial wellbeing programme, you have access to rich benefit data including your people’s interests, behaviours and engagement – allowing you to put data at the heart of your reward and benefits strategy.

The most popular topics will help you understand what really matters to your people, so you can shape the benefits you offer and understand the type of programme they want and need.

Understanding employee needs

Do you know what your people need? How are people using your current benefits? This exercise will help you create a programme that will be relevant, engaging and impactful for each and every employee. Used effectively, wide-ranging benefits can help organisations retain employees.

Providing financial education: Provide personalised and impartial financial education to underpin your programme. You can educate and drive uptake of your existing benefits and continue to access rich data to understand the wants, needs and desires of your people.

Adapt strategy to meet employee needs: With data at the heart of your reward and benefits programme, you will have gained insights into your people’s wants, needs, and habits. You can then adapt your strategy to suit the individual needs of your people.

Want to know more about building a resilient wellbeing programme for your people? Download our guide.

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In partnership with Nudge

A leading financial wellbeing benefit using behavioural science & technology to help employees.

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Webinar: Delivering great benefits design: from strategy to tactics

Why the little things may deliver more value than wholesale change
Wednesday | 19 April 2023 | 10:00 – 11:00 (BST)

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