Motivation is 'fundamental' in future of UK business

Date: 24/06/2009

Companies in the UK who do not look into reward and recognition schemes or ways of motivating employees may be undermining the future strength of the UK economy, according to a new report.

A survey carried out by the Confederation of British Industry (CBI) and Harvey Nash found that almost two-thirds of employers are considering making significant changes to their workforce or working patterns, though this may negatively affect the morale of workers.

It was explained that the "bruising recession" has still caused many businesses to work with their staff to trim down on costs and save jobs.

Albert Ellis, the chief executive of Harvey Nash, said of this situation: "The recession has led to fundamental changes in the way employers recruit, motivate and develop employees, and UK plc must act fast to keep highly skilled talent in the UK labour market.

"Otherwise, we run the risk of conceding out competitive edge to other countries."

Earlier this month, the CBI revealed that while the UK economy might be stabilising, it does not expect modest growth to resume in employment and industry until the first three months of 2010.

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