News
David Woods, 02 Nov 2011
Nearly three quarters (70%) of more than 1,000 employees polled feel their employer either takes their efforts for granted or expects them to feel grateful for having a job, according to recruitment provider Hyphen.
Staff continue to feel stretched as workplaces feel the pinch. One fifth (20%) of workers are still putting in longer hours than before the recession, surviving on a pay cut (17%) or taking on more responsibility than just their normal role (17%).
As a result, employees are now looking for better pay to match their worth but two thirds (67%) say a salary increase would encourage them to stay put.
In the absence of increased pay, a significant proportion say a menu of flexible benefits (57%), better work/life balance (38%) and clear career development opportunities (32 %) would discourage them from moving on.
Zain Wadee, MD at Hyphen, said: "Despite economic uncertainty, we are seeing substantial workforce mobility across the private sector in particular and a significant number of employers are still looking to hire. Employers need to focus on employee engagement to ensure they keep their best people or those staff who feel undervalued will consider moving job.
"Employee retention now deserves attention from employers. If not in a position to enhance pay packets, one powerful option is to maximise the benefits package offered to workers.
"Employers would be well advised to look at the overall experience of working in their organisation. Do their employees leave at a reasonable hour? Are they given the option to choose benefits to suit their situation? Are they engaged in discussions about steps to progress their career?
"Employers should be speaking to their employees about what they want to get out of their job to help inform their retention strategy."
The research was commissioned by hyphen and conducted by an independent research company between the 21 July and 5 August 2011. 1,008 workers across the UK were polled.
2 comments on this article |
Andy Philpott 02 Nov 2011
In the face of low levels of staff engagement, employers need to turn their attention towards motivating and incentivising their employees. This can be achieved by benefits schemes such as employee savings. At Edenred, we are working with an increasing number of businesses seeking ways to help their employees boost their spending power as part of a wider motivation and engagement strategy. Employers who join employee savings schemes can effectively give their staff a pay rise of almost £1000 a year pre tax, at minimal cost to the business.
Jamie Matthewman 02 Nov 2011
70% is a figure employers should be ashamed of not only because of their employees well being but also because of the effects on performance and productivity. This offers a big opportunity for employers willing to commit to the health and well being of their business and their employees. The number one stakeholder really is the workforce - great results and success start on the inside. Giving people respect, support and gratitude isn't too much to ask for. The financial payback is proven time and time again to be worth. Jamie www.insidespark.com
Latest Issue - May 2012
The myth of the axolotl is one of nature’s most fascinating.
MA Business & Leisure Limited © Copyright 2012, All Rights Reserved
Send to a friend