According to the latest figures from the Office for National Statistics, the employment rate for people aged 16 to 64 now stands at 74.6%, the joint highest level since comparable records began.
Interestingly however, further reports also show there were a record-breaking number of job vacancies for January to March 2017. The total of 767,000 vacancies was the highest number since comparable records began in 2001 and 16,000 more than in the preceding three-month period.
So how do you attract the cream of the crop? And how do you retain your top talent?
Standard benefits are no longer effective recruiting tools. Your top prospects probably already assume that their benefits package will include healthcare, good holiday leave and a great career path. To attract and retain outstanding employees, more and more businesses are looking beyond the basics and offering creative and unexpected perks.
At Evolution, we like to share our ideas and project work, and we can offer a variety of fantastic cost effective ways to reward and motivate your staff, because ultimately, your employees are your biggest asset.
Internal Awards Shows
Research by Forbes found that recognition programs can have a huge impact on business performance. Companies that scored in the top 20% for building a ‘recognition-rich culture’ actually had 31% lower voluntary turnover rates.
Recognition also has a physiological impact on performance. Our bodies create oxytocin when we feel loved or appreciated, recent research shows that people who work under the influence of oxytocin perform better and are more trustworthy at work.
Internal awards are a great way to recognise your employees’ achievements, rewarding innovation, collaboration, results, behaviours, leadership and support – as teams and individuals. When your company embraces employee recognition and people start thanking each other, trust and engagement go up – improving employee morale, quality, and customer service.
Evolution will help you assess your current program or develop a new one, and ultimately enable you to deliver a brilliant awards event in an awesome location.
Team Bonding and Building
Team bonding is the most important investment you can make for your people. It builds trust, encourages communication, and increases collaboration. Team-bonding activities are a way to provide high-impact learning, increase team skills and communications, and improve morale and productivity. And have fun!
Employees benefit through experiencing a sense of accomplishment in working as a group to complete a challenging task and learning ways to improve communication skills. Of course it’s not all serious business, when there’s laughter, a sense of excitement and accomplishment, and maybe a few Instagram moments, you’re definitely on the right track!
The key to team bonding is to find ways to keep the excitement going. Most effects are short lived because it’s a one-time activity – done and then forgotten. The challenge is creating opportunities for people to connect and interact in meaningful ways, outside of regular meetings or presentations.
Team bonding is a great way to motivate your staff, as well as continuing to strengthen your team. Effective team bonding means more engaged employees, which is good for company culture and boosting the bottom line.
We have some of the most creative activities around, in the most fun locations, and can help you from start to finish with the planning and delivery, whatever your budget or group size.
As an events management and production company, Evolution can help you coordinate internal awards ceremonies and organise fun, exciting and challenging team bonding days!
Contact us today to find out more information on how we can help you.