Vox & Intercap Lending - Here to Help
Finding and Keeping Talent is a Challenge in Today's Marketplace.
Statistics show that employee turnover has been rising in recent years, especially over 2021-2022. Employers are not only losing valuable talent but are also having to deal with hiring, training, and replacing lost workers.
In the 2021 Bureau of Labor Statistics report, the voluntary turn-over rate was 25% . One report suggests that turnover rates of close to 19% can be expected across several industries across the country.
A study by Future Workplace and Kronos, found that 87% of employers said that improving retention is a critical priority for their organization.
Replacing an employee can cost as much as 150% of their annual salary in lost revenue from separation pay, replacement costs and reduced productivity.
We're Here to Help.
Employer Housing Programs Increase Employee Loyalty, Productivity, and Increased Work-Life Balance.
Employer-assisted housing programs help build employee loyalty and increase productivity through improved morale, an enhanced employee work/life balance, and decreased absenteeism. Employees have more job options and companies will have to provide additional compensation, expand benefits, and improve their employee experience.
By offering housing benefits, employers are able to set themselves apart from their competitors, markedly improving their competitive position.
Employer-supported housing programs can also help employers improve their brand. By helping employees purchase homes in their local communities, employers can help stabilize and enhance their community, create a more attractive setting for their business, and grow a more prosperous clientele for their goods.
Employers can show their commitment to the community and benefit from an enhanced public relations image.
Employer-supported housing often allows workers to live and work in the same community. People who live and work in the same location tend to be more invested in the community and become more active in civic and volunteer activities. Additionally, employees living and working nearby equals less traffic congestion and less air pollution.
Employees Who Own Homes Work Harder
Research shows that those who own homes often work harder and longer for their employer. They are less willing to uproot themselves and their families for a different job and more willing to go the extra mile to help their company grow and succeed. Employees who own homes, lay down roots, start and support families, and become part of a community quickly realize that hard work gives them the means to make home payments, make home improvements, and move toward financial security.
Our benefit package comes at no cost to your company.
We are simply looking for a few key companies to partner with to enhance the work-life balance for their staff.
Contact us today to launch our employee benefits program.
For Immediate Inquiries:
Please Call 801-259-6838
Intercap Lending NMLS# 190465
11781 S Lone Peak Pkwy Ste 200,
Draper, UT, 84020
Equal Housing Lender