Engage for success with MIT Ventures
8th August 2021Employee engagement is a critical driver of business success and improves workplace performance in many ways.
Low employee engagement negatively affects key business performance indicators such as productivity, profitability, absenteeism, and turnover. However, organisations that excel at employee engagement benefit from an improved work environment and culture that encourages employees to be more dedicated to their companies’ goals and values.
According to David Callaghan, CEO at MIT Ventures, “True employee engagement should be part of an organisation’s DNA, where staff have a real connection with the business that they work for. Employee engagement shouldn’t be the second to last item agenda on the board report. It should be something that you do every single day.”
If you want to achieve your business goals and stay ahead of your competitors, you need to create an employee engagement strategy that promotes a people-first workplace culture and produces positive business results. At MIT Ventures, we are committed to the power of employee engagement. Our market-leading employee engagement model is a practical solution that provides outstanding employee benefits schemes to both temporary and permanent employees. We have united all of our benefits and services into one easy-to-access portal for the employee and employer. This innovative portal is specifically tailored to employees’ needs, enabling them to access a variety of lifestyle benefits, along with services that address employee wellbeing, from financial to mental and physical.
David Callaghan, CEO at MIT Ventures, believes that “MIT’s unique business model instantly provides the employer with a suite of beautifully delivered features to transform the entire employee experience. Our portal provides access to pensions and payroll documents in the same place as a 24-hour confidential helpline and qualified doctor, while also offering valuable discounts for shopping and leisure purchases. Staff can make use of a great selection of tools that have a tangible effect on their lives.”
We take a holistic approach to maintaining employee wellbeing and positive workplace cultures as we believe that the health of the workforce is the health of a business. During the pandemic, employees have experienced higher levels of stress. Indeed, since the onset of the COVID-19, calls to our free EAP helpline have soared, underlining that it’s more important than ever to support employees’ mental health.
Martin Adams, Client Director at MIT, adds that “Being able to empower employers to give life-enhancing benefits to their staff is by far the best part of my job. The facts speak for themselves. Our employee benefits improve motivation and reduce staff turnover because you have provided value to their daily life.”
Our high-quality services that boost productivity, engagement and growth also include targeted business solutions for back-office operations, which are essentially the backbone of a company. We provide a trusted and talented team to handle and enhance payroll processing and pensions administration. Through our partnership with Holly Blue Employment Law, our clients gain access to legal specialists, allowing them to concentrate on strategic business objectives.
At the core of employee engagement are relationships built on trust and a positive work environment. Payroll directly impacts the employee experience every payday. When payments are accurate and delivered on time, employee satisfaction increases. Our consultants take the pressure off the business owners by keeping on top of payroll legislation while reducing the time and costs associated with payroll processing.
Pension schemes can also impact staff loyalty, morale and productivity. At present, 16% of Generation X’s and 12% of Millennials admit they won’t be able to fund their preferred lifestyle in retirement. However, we strive for a better retirement for all with our tailor-made workplace pension solution that significantly reduces the administrative burden of pension duties while ensuring compliance.
To ensure we offer value to our clients, we continuously review and update our services. Recently, we launched an add-on Recognition service for rewarding and incentivising performance with Amazon vouchers, and we introduced a supplementary Online Learning platform, where staff can access +45 courses for professional development.
Our range of employee benefits is a genuine game-changer for providing employees with a better quality of life. By offering a complete package of Lifestyle Benefits, Business Protection, Workplace Pensions, and Payroll Consultancy, we engage employees and resolve business challenges. Want to see MIT in action? Schedule a demo and learn how MIT can motivate your people, inspire workplace innovation, and transform your business.
T: 0800 211 8709
E: ee@mitventures.co.uk