With the unemployment rate hovering around 4%, companies are doing what they can to retain and engage their top talent. One reason employees quit is a perceived lack of work/life balance, says Kropp. CEOs and HR managers often spend time saying they care about your work/life balance, but they don’t necessarily do things that help.
“Summer Fridays is effective at reengaging employees, because from an employee perspective the company is putting their money where their mouth is, giving the gift of time,” he says. “An engaged employee will work harder those other four and a half days, and they’re less likely to quit during the summer.”
The staff at Venga, a Washington, D.C.-based hospitality tech company, looks forward to Fridays. “Since we’re in the restaurant business, we do Food Trip Fridays,” says Winston Lord, cofounder. “Each week a member of the team picks a restaurant for us to go to and Venga pays for the lunch.”
Employees get the rest of the day off—and the perk is paying off, says Lord. “Across the last two years, we’ve had only one employee voluntarily leave,” he says. “Summer Fridays allows employees to get a head start on the weekend, do that errand they’ve been putting off for weeks, or squeeze in an extra workout. Our employees tell us that perks like Food Trip Friday absolutely help with retention.”
Summer Fridays will also help you improve your reputation on the labor market as an organization that cares about its employees, says Kropp. “That helps you attract better quality talent in the labor market,” he says.
Read full article at Fast Company