Employee Engagement and Turnover. The Strategic Role of Corporate Welfare

Based on a diverse sample of companies in Italy, we analyze the relationship between the main elements of corporate welfare (e.g., investments, services, and a structured plan) and the level of employee engagement.We also explore how this affects the net employee turnover, that is, the difference between incoming and outgoing employees.Our results indicate that a holistic approach to corporate welfare, characterized by a well-defined plan, carefully selected benefits, and adequate per capita investment, is associated with higher employee engagement and an improved balance in net turnover.