Companies in the North West are increasingly focusing on the benefits they offer to employees in order to help retain them, according to a director at EY.
Luigi Falivene, who works in the professional services firm’s Northern practice, said that his team has seen an uptick in enquiries from companies looking to review the benefits packages available to their employees.
He believes this is a result of North West businesses working even harder to retain their best people in the face of strong competition for talent, which he puts down to reduced recruitment during the downturn.
Luigi commented: “Some companies in the North West reduced the number of people they took on and trained during the recession to adjust to the low growth environment. This has translated into fewer experienced people in the regional market across some industries today.
“As businesses begin to focus again on expansion, competition has intensified for skilled people and first and foremost, companies are working harder to keep their best employees.”
According to Luigi, employment packages encompassing a range of tailored benefits can often provide a better deal for the employee whilst saving money for the business.
“We expect more and more Northern companies to look at their benefits offerings over the coming months as the focus on people retention continues.”