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August 23rd, 2017
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Engaging Your Employees

Entered by: Jon Rush @ 08:44:36 on 10/08/09

In these challenging economic times, it can be very easy to neglect your employees. It is all too tempting to decide not to spend money on training, cancel company functions or cut back on Staff Welfare. If you recognise this scenario, then you may wish to read on.

It is true that employers are seeing high levels of employee loyalty right now. This is probably not totally surprising given the current economic situation as employees decide to stay put in their current roles. However, have you thought about what may happen when your sector picks up or when the whole economy starts growing again? Research carried out recently suggests that employee loyalty to their employers may melt away once the economy pulls out of recession. May be you feel that this will not happen in your organisation, but if it did happen, have you got an HR plan in place to cope?

Have you considered how you can retain those key employees during a downturn that you will need to manage an upturn? British Airways, for instance, has come up with a number of innovative ways for staff to reduce their pay for a limited period of time dependant on their personal situations.

Other incentives that could be considered, which are not linked to increases in costs are introducing Flexitime, even if for a limited period. Sharesave Schemes can be advantageous where the share price can be easily tracked. Unpaid additional days off can be granted. This particular benefit can also be considered with a holiday buy back scheme where the Company pays for half the cost of the additional holiday and the employee forgoes the balance as a salary deduction.

Whatever you decide to do to engage your employees, make sure that you communicate at each step of the process. This will help to keep the employees involved. Also, make sure that they have an input into what they would like instead of pay or bonuses. There is nothing worse than instigating a perceived benefit that no one wants. Above all, don't assume that employee loyalty is a long term phenomena.

For other human resources advice please call our HR consultants or read our other blogs with HR tips.

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