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9 workplace benefits to inspire employee loyalty

Mediafeed Logo By Danielle Higley of Mediafeed | Slide 1 of 10: Interested in being a work-at-home mom? Not sure where to begin because you’re now discovering that there are almost too many opportunities? Here is the rundown of how I got started: I bought a domain name (that is the URL of your blog, like WealthySingleMommy.com). I then signed up with BlueHost, one of many server services out there.Like most personal blogs, mine is built on WordPress. If you pick this platform, make sure you go with WordPress.org (not .com). This is really important. It would be lame if my URL was www.wealthysingleommy.blogspot.com. You don’t want that. Then, you need a basic design. No need to spend a bunch of money when you start out. I bought an affordable one at Elegant Themes — they have lots of pretty ones. After that, sign up for a service that you can use to collect email addresses and send messages.Images on your blog are at least as important as words. People are visual before they are linguistic (think of your kids – they could identify stuff by sight before words). I like DepositPhotos for buying photos and other images, though there are many stock photo options. When it comes to building the actual business, I started using QuickBooks, which is awesome (I had a ghetto accounting system involving an Excel worksheet, Word doc invoices and email for years and years).

The cost of employee turnover

Believe it or not, 43% of employees would like to change jobs within the next two years, according to a recent survey by QuickBooks Payroll. Think about that. If you have 10 people on your team, four of them might be moving on some time within the next 24 months.

If you know anything about the cost of employee turnover, you know how expensive it is to replace competent people—around $15,000, according to the Work Institute’s 2017 report. Multiply that by four, and suddenly you’re looking at a $60,000 loss over a very short amount of time. 

But say you chose to take that $60,000 and spend it another way. Rather than trying to play catch-up, you could invest in getting ahead now and inspire your employees to stick around. (If you are currently looking to hire new employees, take a look at this start-up guide for best practices.)

What kinds of incentives would you have to offer to tempt them to stay? Here are nine employee-coveted benefits you’ll want to add to the list.

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