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Why staff retention should be a key part of your agenda in 2015

This week marks the first full week back into work after the Christmas break. For many people, Christmas hasn’t just been a time for turkey and mince pies; but has been a time to reflect on their careers.

According to a recent survey conducted by the Institute of Leadership & Management (ILM), over a third of employees are planning to change jobs in 2015.

The majority of individuals surveyed are looking to change employment to access better career progression routes, with the second highest percentage wanting to move for an increase in salary.

The results of the survey suggest the reasons for considering a change of employer is a marked increase in the confidence of the UK economy and the fact that many individuals careers and salaries have stagnated during the recession.

Throughout our many years’ experience of speaking with candidates, the survey backs up what we’ve seen, as it’s very rare that candidates look to change employers because of money alone.

In a number of instances, employers feel that increasing a person’s salary will placate the person when the reality is that most employees seek recognition and the opportunity to progress their career.
2015 signals a major turning point for the construction industry, as many companies are looking to increase their headcount to near pre-recession levels.

This represents the perfect storm for the majority of construction companies, as without a defined employee retention strategy, more time will be spent replacing leavers rather than expanding the current headcount.

In recent months, we have been working with a number of organisations to provide assistance with implementing an employee retention strategy to ensure that they retain their ‘top talent’.

Now is a key time for employers to have conversations with their employees and in particular their ‘business critical’ staff to ensure that they’re feeling ‘looked after’ and appreciated.

Feel free to contact us for more information about how we can help improve your employee retention levels.

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