Robert Fenn

A Small Business Guide on How to Keep Your Best Employees

A Small Business Guide on How to Keep Your Best Employees

It is estimated that the current employee turnover rate here in the UK is at 15% a year. A major survey by PricewaterhouseCoopers (PwC) a few years ago said that 10.4% of staff resigned from their job in the previous 12 months, which cost the UK economy £42 billion, based upon factors including lost productivity, recruiting and consequent training. More recent research from the Hay Group has shown that since the “triple dip” recession, there is increased confidence within the job market and so employee turnover rates are increasing. By 2015, it’s expected that 765,000 more people will leave their jobs in comparison to 2012. So why are people leaving? It’s not just increased confidence, or the prospect of getting more money. Here, we delve deeper so you can ensure you keep hold of your best... »