How to Avoid Employee Turnover with Travel Rewards

 

Employee turnover is undoubtedly an expensive issue and it is often in a company's best interest to try to reduce turnover in order to minimize costs derived from training and decreased productivity. Likewise, it can have a negative impact on the company's culture, as it can lead to a sense of instability and low morale among remaining employees. But it is also a matter of brand image and reputation: high turnover can be seen as a sign of a poor work environment.

There are many reasons why employees may leave an organization, like better job opportunities, lack of job satisfaction, or lack of work-life balance. But there are also many factors that foster better employee engagement and it is up to companies to provide them. Thus, it is essential to:

• Promote a positive work culture
• Offer flexible work arrangements
• Provide opportunities for career development and advancement
• Show appreciation for employee contributions
• Offer competitive compensation and benefits packages

Travel rewards for employee engagement

It is always a challenge, however, to offer benefits and rewards that really make a difference and actually engage employees. That is why, at Inspira Holding, we believe there is no better solution than travel rewards.

Employees truly appreciate being given the opportunity to travel, and travel rewards can often be used to book accommodation, flights, and other travel-related expenses at a discounted rate, which can make the experience more affordable – highly valued in the context of a recession and price inflation. Plus, being part of a travel club with access to exclusive discounts fosters a sense of belonging, which directly impacts employee engagement.

With the Inspira loyalty solutions, employees can access discounts of up to 60% on over 1.8 accommodations around the world. This can be done through travel vouchers, gift cards, or even a customized platform to access as members. You can learn more about the Inspira travel loyalty solutions here.

If you want to discuss your case and find the best option for your company and your employees, do not hesitate to contact us here.

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