Staff retention strategies 'are working'

New strategies implemented by companies to keep hold of their best staff have proven successful in recent times and have had in impact on churn, according to the Chartered Institute of Personnel and Development (CIPD).

Speaking at the organisation's annual conference and exhibition, chief economic adviser Dr John Philpott said the employment market is still dynamic, though new figures from the Office for National Statistics suggesting a fall in the number of people moving jobs are quite misleading.

He explained that the period in question (1998 – 2011) begins at a time when the UK economy was expanding rapidly and heading toward full employment and ends with the economy struggling to recover from a major recession.

Dr Philpott said the ONS figures would suggest that employers became gradually more successful at retaining staff as the boom progressed.

"The apparent paradox is explained in CIPD surveys which show increasing employer emphasis on staff retention strategies during the boom, encompassing both financial and non-financial improvements in working conditions," the expert added.

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Posted by John Oak and Wayne Bly 

Source: The Sales Director News