How Corporate Wellness Retreats Can Help You Retain Your Employees
Guide
It is no surprise that corporate wellness retreats help retain employees. After all, any company that puts a focus on the wellness of their staff is sure to be a place where people want to work. Everyone wants their physical and mental health to be cared for and looked after.
Corporate retreats do just that. If you have managed HR before, you know that replacing an employee can be expensive for a company.
According to employee well-being company Limeade, the cost of losing a worker amounts to 33% of their annual salary. The report states that if employees feel unappreciated, they are twice as likely to search for a new job. Feeling unappreciated by their current employer can lead employees to seek new job opportunities and even cause them to consider leaving their current job.
The scenario gets worse among women, especially those in leading positions. A joint report by LeanIn.org and McKinsey & Company has found that women leaders are quitting their companies at increasing rates. In 2021, we witnessed the highest gap ever recorded between leading women and leading men leaving their company jobs. Many of these women feel that they work more but receive less recognition than their male counterparts.
Nowadays, employees consider more than just money when deciding how satisfied they are with their job. No wonder, then, that employers who prioritize their employees’ well-being are often better at keeping them.
In this blog, we will focus on how a well-planned corporate wellness retreat can significantly boost your organization’s employee retention.
The Increasing Importance of Corporate Wellness
Not long ago, looking after the wellbeing of their workforce wasn’t one of the main priorities for most companies and businesses.
In recent years, things have changed significantly. Many organizations have implemented employee health and wellbeing programs and regularly participate in activities that promote their workers’ overall wellness.
Based on data provided by Grand View Research, the corporate wellness market will continue to expand during the next decade.
What Are Corporate Wellness Retreats?
Corporate wellness retreats (like corporate retreats) are a key part of the shift towards more employee-centered organizations. As their name suggests, they are getaways of different durations that allow workers to take a well-deserved break from their stressful work routine. The organization will plan and manage the retreat with the following goals in mind:
- allowing workers to focus on their physical health and inner balance beyond taking mental health or sick days
- promoting healthy social relations between employees, as well as between employees and management.
- boosting their workforce’s engagement and their identification with company values
- generating performance improvements when employees return to work after a successful retreat.
You can plan retreats in any location you choose. We recommend you choose activities based on the atmosphere you want to create and the preferences of your employees. Some getaways focus on peace and relaxation, while others are more fast paced, lively, and colorful.
Examples of effective wellness retreats include:
- A ‘mind and body retreat’ in a quiet, nature-immersed venue with open-air yoga activities and workshops about growth mindset or finding the right work-life balance.
- A long trip to a major tourist city inclusive of a hotel stay, corporate convention, and nightlife activities. These events, like the Incentive Conference we recently organized with an Online Casino in Las Vegas, can be very effective for remote workers. These retreats promote team bonding, boost your company culture, and enhance team cohesion. Incorporating team building activities focused on problem solving makes these retreats even better. See more about company culture event ideas.
- A 7-day wellness retreat in a beautiful seaside location in the US or abroad with daily sports activities and excursions, as well as a healthy diet plan. The stay could also include access to spa facilities and seminars on embracing a healthier lifestyle and managing stress.
- A two-day event in a unique location focusing on a significant global issue your organization works on. This type of event, like our NEOM Gala and Conference, can be a mix of conference-based activities (e.g., breakout sessions, guest speaking, networking) and leisure activities (e.g., gala, fine dining, shows).
More hotels are now offering services for companies planning wellness retreats for employees as the corporate wellness market expands. They do so by tailoring their venues and programs to the needs of organizations and employees.
An experienced destination management companies like Event Solutions can help you find the best mix of location, venue, and program for a successful corporate wellness retreat, as well as manage its operational aspects.
How Can a Corporate Wellness Retreat Boost Employee Retention?
The benefits of corporate health retreats are numerous, and they all contribute in different ways to employee retention.
For starters, retreats offer all the benefits of a holiday. Giving employees a break from their stressful work environment can boost their productivity and work quality when they return. Practicing stress management doesn’t just help reduce stress, it boosts your team members’ productivity and job satisfaction.
You are also lowering the chance of your employees experiencing extreme burnout, which can negatively impact their work performance. If your employees don’t feel stressed, unhealthy, or tired at work, they are less likely to quit.
Wellness retreats also reinforce the social bond between your workers, including those between different levels of the hierarchy. For the duration of the retreat, the interaction between your workers will happen exclusively at a human level. This promotes friendship, team spirit, and a sense of belonging. Stronger bonds between employees and less strict relationships with managers lead to higher motivation and retention rates among employees.
Corporate wellness retreats demonstrate to employees that the company values their hard work and prioritizes their health. As we mentioned earlier, financial incentives are no longer a sufficient deterrent against employees leaving an organization. Events can boost employee appreciation benefits.
Employees prioritize feeling valued and supported by their employer over receiving a bonus. This can help build loyalty and commitment among employees and up employee engagement.
Feeling appreciated can have a greater impact on employee morale than financial rewards. Support from employers can lead to increased dedication and loyalty from employees. See our top employee appreciation event ideas for some inspiration.
What are the Main Features of a Successful Corporate Wellness Retreat?
To organize the best corporate retreat for your employees, your organization needs a clever strategy that takes into account:
- your budget
- your time availability
- your preferences and restraints in terms of travel distance
- your workforce’s characteristics and challenges
- your primary objectives.
An experienced event planner can help make your retreat more effective for your workers’ well-being, satisfaction, and retention.
Planning a retreat involves choosing the right length, location, activities, and logistics with careful attention to detail. So, too, should one manage the registration process and promote the event internally to increase interest and engagement.
Event Solutions can ensure your retreat runs smoothly by minimizing surprises and having a backup plan for unexpected events. This service helps to reduce the chances of any unforeseen issues. Additionally, Event Solutions can provide peace of mind by being prepared for any unexpected occurrences during the retreat.
Get in touch today and let us know your goals and expectations for your corporate wellness retreat. We’ll be happy to advise you on how to turn them into reality.
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