Business Travel’s Influence on Employee Retention, Recruitment & Results
In this competitive world, the biggest concern for business leaders is to recruit and retain productive employees. Based on recent research, apart from compensation and benefits, 87% of performing employees said that providing a wide array of growth opportunities is a critical priority for their organisation.
However, since recruitment and retention are two vital areas for running a successful and profitable business, progressively companies are making their workplace more attractive to work with exciting out of the box benefits and global business travel opportunities that aim to improve their employee experience much further.
Majority of all employees accepted their job entirely or in part because of the business travel opportunities it offered and over one-third would actively pursue a new career if it provided more business travel.
Find out how corporate travel management companies help business organizations to achieve global appeal and reach and how business travel influences employee retention, recruitment, and results.
Recruitment: For some millennials, travel opportunities play a major role in their job profile. Based on recent research by Booking.com 31% accepted to take a lower-paying job if it meant more travel. This means that travel opportunities not only influence employees to feel better about their current company but also lure them to take the job in the first place. With business travel significantly evolving since its inception, thanks to the rise of new travel technologies, many companies are providing opportunities for employees to enjoy leisure time with their work trips. And this benefit works well with the employees than other workplace attractions.
Retention: Business companies are providing a different kind of satisfaction to employees in the form of onsite opportunities and business travel which is more or less not possible to attain in the four corners of the office. A study conducted in the year 2018 by Kronos, reveals that 79% and 71% of business travellers in NorthAmerica and Latin America, respectively said that business travel experience impacts their overall job satisfaction dramatically.
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