Business owners are aware that their employees are the most integral part of their organization. The workforce forms the foundation of your firm – it is their efforts and hard work that pushes your organization on the path to victory and heightens its success. Therefore, investing in their wellbeing is equivalent to investing in the growth and expansion of your organization.
Maxwell Drever of drever capital management points out that workforce housing is an important aspect of taking care of your employees. It ensures that they have a comfortable place to stay, close to their workplace, which eliminates the hassle and fatigue of long commutes.
Maxwell Drever’s List of Reasons Why Business Owners Should Invest in Workforce Housing
1. Improved Employee Performance:
Workforce housing has been linked with higher employee productivity and motivation. When your employees are close to their workplace, they are more likely to arrive on time and be alert and focused during work hours. This can lead to improved work quality and quantity, which is beneficial for your organization. Moreover, reduced distance between their residence and workplace helps employees save on transportation costs and gives them a little extra time at home.
2. Decreased Employee Turnover
Another benefit of workforce housing is that it can help decrease employee turnover rates. If your employees have a comfortable place to stay near their workplace, they are less likely to leave their job in search of better living conditions. This saves you the time and money spent on recruiting and training new employees.
3. Enhanced Company Image:
When you provide workforce housing for your employees, it reflects well on your company. It shows that you are committed to taking care of your employees and providing them with the best working conditions possible. This can help attract new talent to your organization and improve your brand image.
4. Increased Recruitment Opportunities
As mentioned above, investing in workforce housing can help improve your company’s image and make it more attractive to potential recruits. When candidates see that you are willing to invest in their comfort and wellbeing, they are more likely to want to work for you.
5. Improved Employee Retention
Maxwell Drever believes that in addition to decreasing employee turnover, workforce housing can also help improve employee retention rates. If your employees have a place to stay near their workplace, they are less likely to be enticed by job offers from other companies. This saves you the time and money spent on recruiting and training new employees.
6. Lower Operating Costs
Another benefit of workforce housing is that it can help lower your company’s operating costs. When your employees are close to their workplace, they are less likely to need transportation assistance or incur other work-related expenses. This can save your company money and improve your bottom line.
Maxwell Drever believes that investing in workforce housing is a smart business move that can have numerous benefits for your organization. If you are looking for ways to improve your company’s performance, retention, and image, workforce housing is a great option to consider.