The backbone of any company is its employees. So if they join and quit at a fast pace, can any business thrive? The answer is obviously a no-brainer. That’s why every smart employer invests in a good employee retention strategy. After all, you don’t want to spend your time and energy hiring new people every few months or lose your star performer to a rival. So what is it that drives employees to stay with an organization for a long period?
How to Minimize Employee Turnover
You may think people leave when they get a better role or a higher pay package. You are right, but not entirely. Company benefits also play a significant part in attracting and retaining employees. While most companies provide benefits like medical insurance and retirement saving plan, the key to staying competitive in these tricky times is to give something more, like offering perks that agree with the latest trends in the financial world. For instance, have you given Corporate HR Loans a thought?
Corporate HR Loans by TachyLoans
Your employees might need loans to meet their monetary exigencies. So what would you have them do? Take time off work and stand in long queues in banks or get their loan approved from the comfort of their desks? If you are keen on the second option, read on.
TachyLoans, India’s leading financial lenders, has introduced Salaried loans in 50 cities across the country that will allow employees of partner companies to borrow money at preferential rates, instantly. Employees can borrow any amount between 50,000 to 5, 00,000 at 11.50 % to 25% interest rates for a period of 6 months to 3 years without stepping out of their office!
How Does It Work?
It’s quite simple. When your company ties up with TachyLoans, a link is provided on the company’s intranet portal which the employees can access to apply for a loan. You needn’t worry about the rest. TachyLoans will verify the information submitted by the employee and identify prospective lenders. Once an agreement is reached, the loan is directly disbursed to the employee’s bank account. Repayment will be through EMIs. You just need to deduct the EMI payable by each employee borrower while running payroll operations and remit it directly to the designated escrow account as indicated by Tachyloans, that’s all!
The advantages of corporate HR loans are manifold:
- You give something more than regular benefits to your employees
- They don’t need to waste their and the company’s time running from pillar to post to get a loan
- As their financial emergencies are taken care of, employees can focus on work which will boost productivity
- Repayment is through easy EMIs, so there is no stress
Corporate HR Loans offered by TachyLoans provide a great opportunity to companies to improve employee satisfaction and earn their loyalty. In today’s corporate world where companies are vying with each other to attract and retain top talent, this additional benefit can go a long way in keeping employees from jumping the ship. So what are you waiting for? Tie up with TachyLoans today! For details, visit our website today!