Why Have Corporate Entertainment?
It Helps With Employee Retention
Recruitment, training and staff retention are all key performance areas for any company.
It is far better to keep staff than to hire new staff and train them.
But what can you do to keep the good staff you have?
You’ll find thousands of articles online on this topic. Because it is critical to so many business and can be a headache for many as well. Here’s one from Forbes Magazine
I’ve lived the corporate life for decades, and was a senior IT manager before quitting to become a full-time entertainer.
There’s one thing I noticed then and I still notice now that companies often don’t do but which can make a real difference.
And that is to show their appreciation. To show it often and in genuine small ways.
Don’t make liars of yourselves.
Many companies will “say” they value their staff, but even when profitable they will balk at spending a few hundred dollars on a staff party, or offering decent food and drink at their end-of-year function. In doing so they make liars of themselves.
Compared to the cost of hiring a person, the cost of giving someone a decent meal and some entertainment to say thank you is nothing. If people aren’t having fun with work - they’re open to working somewhere else that looks like more fun. A place that actually appreciates them and shows it.
If you say “no we won’t spend a penny we don’t have to”, then you’re telling your staff exactly where they stand in the greater scheme of things. And it will cost you in staff turnover.
Your bean counters might think that people should be grateful to have the job they have and that saving a few bucks on entertainment is worth it. That’s false economy.
If you really do value your staff, show it. It pays off.
Do yourself a favour and book some entertainment. Make it fun. Make it special. Make it memorable.