Is your Company Heading Back to the Office? Here is how to Transition Flawlessly.
As we approach the new year, more and more businesses are looking at a new challenge. This challenge is employees returning to the office. As of December 2022, %49 percent of all United States workers have returned to the office in some form either being full time or a part time split from office work and remote work. Surprisingly, this change is not welcome by all as a recent survey shows that 68% of employees prefer to be fully remote. Furthermore, a staggering %96 of people in the same survey desire to have some sort of remote work to partake in.
What does all this mean? It means that companies must create a post-pandemic office strategy to bring clarity to their employees and to manage some of the potential roadblocks and outcomes that comes with returning to the office. As more companies mandate office compliance, it is important to have a strategy to return to work and limit the many challenges that come with these new mandates.
This is where we come in to help, let us dive in!
Potential Challenges: The Statistics
Employee retention post COVID is a serious issue that companies are facing. Since 2020, companies have seen an annual average of 57.3% employee turnover rate (Apollo Technical). Broken down further, this number includes a staggering 25% of voluntary turnover. Employees are staying with companies less than ever as on average, an employee is only staying with a company for 4.6 years. This number is impactful because with every voluntary company exit usually means a new hire, and a new hire will cost a company an additional $4,129 on average. This number includes everything that must be done to get them ready to perform such as onboarding, training costs, and initial productivity costs. The additional costs also do not include what is lost in the hiring process and the loss of a former employee. A study from Employee Benefits News found that losing an employee cost a staggering %33 of their annual salary. In other words, if an employee leaves the business doesn't just lose talent or time, they are losing company funding. Retention is a serious issue that is costing companies a lot of money. Luckily, there are solutions to both stop and prevent the problem. But first, let’s dive in as to why these crazy retention numbers are how they are.
Adjustments and Options
At the start of covid, at home work was resented. It meant isolation on the employee side and major productivity losses on the business side. However, people adjusted because there was no other choice. This is the main factor for the retention numbers as it opens up job opportunities for people. In previous years, a new hire might have to move across the country for a new position but now, they could do it from their current location. This leads to people exploring their options and expanding their comfort zone to find something new.
Furthermore, businesses evolved in how they conduct their business operations as mobile platforms such as Zoom, Calendly, and Google Business took off to new heights. Although these and others are great platforms, they still lack the magic of in person work as things like productivity, accountability, focus, and dedication are significantly decreased in an online space. Many statistics and reports do show that remote work has increased productivity, however the quality of the work has dropped. So it makes sense why businesses want employees back in the office at least for some of the time. So how can this transition go smoothly without encountering losses?
Incentivize the Return
Any time a major change is occurring in someone's life, they have to see that the change is worth it. If a company can deliver this feeling in their employees returning on office mandates, the retention number will stay high and the business can save a massive amount of money. There are several ways to incentivize a return including providing new equipment, lavish break rooms, or potential opportunities of interest. However there is one element that has been working the best for incentivizing the office return. This item is Health & Wellness Programming.
Sadly, health & wellness is seen as a luxury item to most people. Outside of the standard self-care, many people have super unique goals that require personal guidance and coaching to optimize their success rate. This is something that the business can provide directly to the employee through participating in a corporate health & wellness program.
Employees are grateful for the opportunity to pursue something that they would most likely not spend money on themselves. It is their chance to try something new, to get out of their comfort zone, and pursue an infinite landscape of physical and mental health goals.
And, they can pursue these goals both in the office, in person, or remotely.
This is where Results Fitness Mobile comes in. We offer an unlimited health & wellness service completely customized to each employee so they can achieve their goals. Our packaging impacts both the business and the employees on a highly positive note, so both sides can thrive and reach new heights. We offer completely customizable packaging to fit the needs and desires of the business. If you would like to view our full presentation and learn more, hit the buttons below to view us on Google Slides or schedule a meeting with Results Fitness Mobile Founder, Derek Anderson.
We hope you found this article useful. Here is to keeping retention high and reaching new income heights in the next year!
Best,
The Results Team
