Written by:
Jay Dee Flynn
Business Development Director
First Option Mortgage
View Jay Dee’s Bio

Contents in this Article:

As an employer, it’s important to consider all aspects of your employees’ lives, including their housing situation. Homeownership is not just a personal milestone; it can also have a significant impact on your workforce.

In this article, I will explore why homeowners make better employees and why employers should advocate for their employees to own their homes.

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Employee Retention and Longevity

One of the key benefits of having employees who own their homes is increased retention and longevity. Homeownership often signifies a deeper commitment to a community and a desire to establish roots.

When employees feel rooted, they are more likely to stay with the company for the long term. This reduces the costs and inconveniences associated with high employee turnover, such as recruitment, onboarding, and training expenses.

By advocating for homeownership among your employees, you can foster a stable and dedicated workforce.

Boosted Morale

Owning a home is a significant achievement that instills a sense of pride and accomplishment. This sense of achievement can translate into improved morale at work.

When employees feel good about their personal lives, they are more likely to bring that positivity and motivation into the workplace. As an employer, supporting your employees in their journey towards homeownership can contribute to a more positive and engaged workforce.

Reduced Absenteeism

A stable living environment provided by homeownership means fewer unexpected issues for employees.

When employees don’t have to worry about landlord disputes or the need to relocate, they are less likely to miss work due to personal reasons.

By advocating for homeownership, employers can help create a stable work-life balance for their employees, reducing absenteeism and ensuring consistent productivity.

Cost Savings for Employers

High employee retention rates translate into cost savings for employers. The expenses associated with recruiting, onboarding, and training new employees can be substantial.

By fostering a workforce of homeowners, employers can minimize these expenses and allocate resources more efficiently. Investing in your employees’ homeownership can lead to long-term financial benefits for your company.

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Community Involvement

Homeownership often encourages individuals to become more involved in their local communities. Homeowners may join neighborhood associations, serve on school boards, or engage in other local initiatives.

This increased community involvement can benefit employers in various ways. Positive word-of-mouth from engaged employees can enhance a company’s reputation, while networking opportunities within the community can lead to new business connections.

By promoting homeownership, employers can foster a sense of community among their workforce and strengthen their ties to the local area.

Preferred Mortgage Lender Partnerships: First Option Mortgage

For employers looking to support their employees in their homeownership journey, partnering with a preferred mortgage lender like First Option Mortgage can provide added benefits.

First Option Mortgage can provide added benefits to your company such as discounts, educational materials, lunch and learns, and personalized consultations for your employees. By partnering with First Option Mortgage, employers can provide their employees with valuable resources and guidance throughout the home buying process.

This partnership demonstrates the employer’s commitment to their employees’ financial well-being and enhances the employer-employee relationship.

Encouraging homeownership among your employees can bring numerous benefits to your company. From increased employee retention and longevity to improved morale and reduced absenteeism, homeownership has a positive impact on the workplace.

By advocating for homeownership and partnering with a mortgage lender like First Option Mortgage, employers can support their employees in achieving this important milestone.

Ultimately, homeownership contributes to a prosperous, stable, and committed workforce. As an employer, recognizing the value of homeownership and facilitating it through partnerships can lead to happier employees and a stronger company.

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