Retain staff after recession 'with incentives and recognition'

Date: 16/09/2009

If a business does not give its employees a reason to respect it and grow professionally, there is a good chance such staff will leave in the coming months, according to one commentator.

Speaking to the Canwest News Service, Razor Suleman, the chief executive of I Love Rewards, highlighted how a recent Adecco survey found that over half of all workers in Canada said they may walking out the door for another job after the economy picks up - something which could well be reflected in the UK.

Emphasising the role of incentives and recognition, Mr Suleman continued: "It's going to be the A-players that you didn't do right by that are going to be the first ones to leave the company when the recession ends."

Bernadette Kenny, the chief career officer for the Adecco Group in North America, said the results should be an "eye-opener" for employers concerned with cost-containment over retention.

Earlier this month, Jobpartners' group vice-president of solutions and marketing Richard Doherty said that to retain the best staff, companies must treat employees with the "same level of care" as their customers.

Written by Michelle Fry

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