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Friday, 17 September 2010

Employer commitment 'will pay back dividends'

Companies which make a commitment to retain staff will "reap dividends" in the long term when they fully escape the effects of the recession, one expert has stated.

John Hannett, general secretary of the union Usdaw, said that companies should strive to keep hold of their best staff through difficult times, as they are much more likely to benefit from employee loyalty when the effects of the economic downturn are shaken off.

His comments follow the publication of figures by the Office for National Statistics, which showed that the employment rate for those aged from 16 to 64 for the three months to July 2010 was 70.7 per cent, rising by 0.4 on the previous quarter.

Mr Hannett stated: "We have got to be vigilant in studying the figures and we have got to encourage employers to retain as many staff as they can because that kind of commitment will then pay back dividends when they feel they have been treated fairly."

He added that, in the private sector in particular, companies are beginning to show signs of escaping the recession are taking on new staff as they expand.

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-800070302-ADNFCR

Source: The Sales Director News

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