You are here: Home - Uncategorized -

Promotion not cash is “key issue” to staff loyalty

Written by:

Promotion is often more important than salary in securing staff loyalty to a company, according to a survey by employment agency Manpower, and as a UK investment in people it is hard to beat.

The survey – conducted amongst 800 workers and 1,700 bosses around the UK – found the main reason why people switch companies is career advancement, followed by the chance to work more flexible hours.

From the employers’ point of view, holding on to talented staff and maximising their UK investment in people is the most pressing issue for human resource departments.

Of those employees leaving their present employer, 28% said that promotion was the primary reason for switching, 22% said they were going for more flexible working conditions and only 17% said that more money was their prime motivation.

Retaining staff was the biggest concern of employers, with 72% of respondents citing this as a priority in maximising their UK investment in their staff, while adhering to the demands of new employment legislation was another big worry with 71% concerned about this.

Mark Cahill, Manpower’s managing director, said: “The range of human resources priorities and concerns facing employers emphasises the challenges of running a business and in particular of managing the most important asset an organisation has – its people.”




Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Debt companies hit hard times as creditors get tough

Debt companies are experiencing tough times as more creditors refuse to accept the terms of the individual voluntary arrangements (IVAs)...