Media coverage continues to report a prolonged recovery plus the risk of medium term interest rate rises. As a result many corporates have resolved to keep a tight control on staff costs for 2014. With limited ability to reward employees through bonuses and pay rises how can companies keep staff motivated and loyal to their company without increasing staff costs?
The Modern City
City bonuses and lavish expense accounts have come under considerable scrutiny for the last 5 years and extravagant rewards now seem more fitting in the Wolf of Wall Street era than London’s Square Mile.
Modern corporates are focussing on maximising team productivity and cohesion by improving employee health and wellbeing. PwC’s 2013 report estimated the cost of sick days for UK employers at £29 billion per year.
For many smaller businesses private healthcare is unaffordable, but there are many less expensive ways of building health awareness across an organisation. These alternatives can build a strong team ethos and allow staff to be more productive while at work.
Thinking Beyond After Work Drinks
After work drinks and team nights out on the company was the traditional way to reward city workers. But now the working day has become more flexible with many parents logging-on remotely in the evening, expecting your team to drink together as a reward seems ever more out-dated.
Team building events during the office working day are becoming more popular. Onsite events are an economical way to reward your team without interrupting the normal course of business. And an onsite event is a perfect opportunity to inject some health and wellbeing into the working day.
On Site Massage, Yoga + Much More
Companies like KPMG are booking onsite massage events as a way to inject some relaxation into the working day. Booking a mobile massage company means your team can enjoy a tension busting massage while wearing their office attire and all you need is a small meeting room space.
Another fun idea is Board Room Yoga (offered as part of MILK Beauty’s De Stress at Your Desk package). The yoga session is tailored to an office environment and work wear and is suitable for all levels of experience, focussing on breathing and stretching techniques.
If you want to extend the team day, why not couple a massage and yoga package with a talk from a nutritionist or a sleep expert? Another option which makes for a fun and relaxing event, is a pop up nail bar or pampering salon where staff can select from a menu of treatments, so there’s something to suit everyone.