Search Results for: retention

February 23, 2022

Employers offering flexible working reap recruitment and retention benefits

by Jayne Smith • Flexible working, News, Workplace

Employers who have embraced flexible working policies have seen a 20 percent improvement in employee recruitment and retention compared to two years ago, according to new global research from Targus. According to the poll, seventy percent of senior business decision-makers say flexible working policies and working environments are positively impacting recruitment and a further 76 percent say it’s positively impacting employee retention. More →

January 11, 2022

Great Resignation offers firms a chance to create the Great Retention

by Erin Eatough • Comment, Flexible working, Wellbeing, Working culture

The last 18 months have seen unprecedented change. Covid-19 has forced people to re-evaluate every aspect of their lives, including their career. As a result, we’ve seen a surge in workers taking charge of their careers and leaving their jobs as part of the so-called Great Resignation. Recent data from the ONS shows that there were nearly 1.2 million job vacancies in the UK this quarter, with 15 of 18 sectors reporting record numbers. More →

August 19, 2019

“War for talent” and Brexit ramping up staff retention efforts

by Neil Franklin • News, Workplace

News that over one million EU nationals have been given permission to remain in the UK after Brexit, gaining settled or pre-settled status offers businesses expanded talent pools for plugging skills gaps and talent shortages in their workforce. New research claims that talent management concerns are on the rise. With the ongoing ‘war for talent’ intensifying over future skills requirements, businesses must remain vigilant when it comes to the growing technical skills gaps in their workforce, the report suggests. More →

May 7, 2019

Retention of EU workers no more difficult for many UK employers

by Neil Franklin • News, Workplace

More than half of UK companies say the referendum result hasn’t affected their ability to retain EU staff so far, according to research from REED. Despite this positive news, the poll of nearly 500 UK senior professionals for its research revealed that a third singled out getting access to EU workers as the biggest issue for their organisation around Brexit. However, there is also strong support for getting access to the EU market (44 per cent) with 70 per cent of those asked wanting a close relationship with the EU when and if the UK leaves the EU. More →

March 11, 2019

UK employers struggling with recruitment and retention of service workers

by Sara Bean • Facilities management, Flexible working, Workplace

The recruitment and retention of manual and elementary service workers has become a significant challenge for UK employers, claims a new study. The research by Quinyx in collaboration with Development Economics and Censuswide, found that factors such as low pay and a lack of flexibility are key issue, resulting in nearly half (49 percent) of UK employers finding it difficult to recruit these workers, and the same percentage reporting challenges around retention. Issues with recruitment and retention were discovered to be most acute in industries such as hospitality, catering & leisure and retail. In addition, larger businesses (those with a workforce of 250 to 500) are more likely to face challenges compared to smaller-sized businesses. Regionally, businesses in London and the East of England are most likely to struggle to recruit workers into manual or elementary service roles. The findings come at a time when UK employers are expressing growing concern around access to manual and elementary service workers post-Brexit.

July 20, 2018

Training and flexible working are the keys to staff retention

by Neil Franklin • Flexible working, News, Workplace

Firms are more likely to improve levels of staff retention if they increase their investment in training, and introduce more flexible working practices, according to a survey by the British Chambers of Commerce (BCC) and recruitment company Indeed. The survey, of over 1,000 businesspeople across all sizes or organisation and sectors, shows that just under half (42 percent) of businesses would invest in training and developing their staff in order to increase staff retention, while 38 percent would look to introduce flexible working practices, from flexible hours and remote working to job-sharing.

March 2, 2018

Productivity, retention and employee wellbeing improve when there is workplace trust

by Sara Bean • News, Wellbeing, Workplace

Being in a reliable work environment increases retention, productivity and employee wellbeing, while also promoting a better business culture, finds new research from Bupa. An examination of workplace trust and the impact on employee wellbeing reveals that over half (53 per cent) of employees considered it to be a major factor in whether they stayed or left a company. The research found that nearly a quarter of UK employees (24 per cent) have left their company due to issues around trust. Although trust is not a tangible workplace benefits, such as salary and bonuses, it is an essential variable in promoting harmony and productivity within an organisation and the study suggests how important it is within the workplace, and also the contribution it makes to the wellbeing of employees and the overall performance of a company. The study also asked employees how trust compares to other company benefits. Nearly two thirds (62 per cent) believe that trust is more important than a gym membership or company mobile, while over half value it more than a free canteen (56 per cent) and company car (55 per cent).

March 6, 2017

US employers turn to perks and office design to increase employee retention ⁰

by Neil Franklin • Flexible working, News, Technology, Workplace design

Younger workers are less and less loyal to employers, which is driving firms to place greater emphasis on benefits, empowerment and a better working environment, according to a study from ReportLinker. The small scale online study of 500 people found that Millennials are less likely than older generations to say they’re highly committed to their employer, with just 40 percent saying they somewhat agree with this statement compared to 66 percent of older workers say they’re highly committed to their organisation. The report concludes that this is encouraging employers to introduce new ways of winning the loyalty of employees. For example, 87 percent of employees who are more involved in decision-making are also more likely to say they are committed to their employers although, as always, we should be wary of the distinction between correlation and causation.

February 28, 2017

Working significantly past the state retirement age is a threat to recruitment and retention, claims study ⁰

by Neil Franklin • News, Wellbeing

Rising numbers of employees working past traditional retirement ages is a potential threat to recruitment and retention, new research from employee benefits consultancy Portus claims. Its study of 103 HR executives and 1,043 employees claims 41 percent of HR managers believe they face looming problems in retaining and recruiting new staff if existing employees are unwilling to retire or can’t afford to. Employment data shows 1.19 million over-65s are still working – slightly down on the 1.202 million peak at the start of 2015 – but still nearly double the 635,000 over-65s in the workforce in 2006. Working past 65 is increasingly seen as an option by employees, the study claims. It found just 29 percent of employees have ruled out working past 65. Younger workers – who face higher state pension ages – are the most likely to work past 65 with just 23 percent of those aged 25 to 34 saying they will definitely stop work by 65.

December 21, 2016

Employee retention and engagement was top of mind for employers this year ⁰

by Sara Bean • News, Wellbeing, Workplace

Employee retention was the top workforce management challenge in 2016, claims a survey by the Society for Human Resource Management (SHRM), with almost one-half of surveyed organizations (46 percent) citing it as a top challenge in 2016. Other top workforce management challenges for at least one-third of organizations were: employee engagement (36 percent), recruitment (34 percent) and succession planning (33 percent). SHRM’s survey Influencing Workplace Culture Though Employee Recognition and Other Efforts, which was produced in collaboration with and commissioned by Globoforce, found that as employers look for ways to deal with the challenges of low employee retention and high turnover, more organizations are tying employee recognition efforts to their core values.The majority of respondents indicated that their employee recognition programs had positive impacts on employee engagement, workplace culture, retention and employee happiness.

December 7, 2016

Business as usual for recruitment and retention in post-Brexit Britain … for now ⁰

by Oliver Watson • Comment, Flexible working, Legal news, Workplace

On 24 June 2016 Britain voted for Brexit. The shock (and narrow) victory caused country-wide concern among the 48 percent of the voting public that favoured remain – apprehension seemingly justified by the immediate weakening of the pound, Cameron’s resignation and the start of ongoing political in-fighting. Speculation over job losses and potential hiring freezes added to a general sense of uncertainty, leaving some UK workers fearing their job security. Since then however, recruitment experts have somewhat softened their predictions for the UK job market as recent reports of month-on-month vacancy growth and record high employment rates have served to inspire confidence. Five months on, how has job applicant sentiment changed in the UK since the EU referendum vote? And what does this mean for businesses hiring in post-Brexit vote Britain? As part of our ongoing tracking of candidate confidence levels in the job market and their career prospects we analysed the responses of almost 28,000 job applicants across the UK and Republic of Ireland – from all ages, experiences and sector disciplines – to gauge how perspectives might have changed pre- and post-Brexit.

July 19, 2016

SMEs must offer flexible work or face recruitment and retention challenge ⁰

by Sara Bean • Facilities management, Flexible working, News, Workplace

SMEs that neglect to offer flexible work options may find their employees decide to switch to somewhere that does, according to a survey from Regus. Over 3,000 professionals across a variety of sectors were quizzed on the importance of flexibility in their working life. SME respondents left very little doubt about the value of a flexible approach, with 92 percent of workers in SMEs saying that, faced with a choice of two similar jobs, they would choose the one that offered flexible work. A third of respondents (33 percent) also stated that they would have stayed longer in their previous jobs if flexibility had been offered. According to Richard Morris, UK CEO, Regus, SMEs should think long and hard about the type of roles that they are offering to today’s professionals. He argues that the days of the fixed hours, fixed location job are becoming as outdated as the office fax machine. Flexibility is no longer seen as a perk, it is now a key differentiator for talented individuals.