staff retention

Considerate Bosses Boost Business Success Rate

75% of bosses fail to show staff sufficient gratitude, impacting profitability and performance by up to 44% Recent research has revealed employers who show employees simple recognition can boost business performance by as much as 44%, improving staff motivation and retention. The report, conducted by One4all Rewards, found that 20% of staff have never received even a simple thank you from their employers, and 75% felt they had received “insufficient gratitude” for the work that they do. The findings showed that while 24% of employees are rewarded with physical rewards, such as cash or gifts, only 11% of companies have incentive schemes in place – where rewards are received for hitting certain goals or milestones. These schemes prove more effective as staff feel that bonuses are earned by t... »

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Staff Loyalty Strong In Small Firms

Small–business owners are creating strong staff loyalty and practising effective staff retention, according to a Barclays survey Some 29 per cent of respondents to the Barclays Local Business survey employ somebody who has worked for them for at least ten years; with a further 32 per cent having an employee who has remained with the business for between five and nine years. Moreover, two–thirds of small businesses still employ their first ever recruit. The survey found these first recruits tend to have an attachment to their job, staying with the business for an average of 5.3 years. “Employees in smaller establishments are closer to their boss,” commented Mike Emmot, employee relations adviser at the Chartered Institute of Personnel and Development (CIPD). “T... »