Countering the retention challenge

RETENTION

Countering the retention challenge

A new survey by IRS looks at the difficulties employers continue to face in retaining key staff, the steps they take to tackle the problem and the tools used to develop long-term retention strategies.

The 90-company survey found that, despite the loosening labour market, eight in ten organisations reported difficulties retaining staff over the past 12 months and more than a fifth said their problems had intensified.

What you will find in this IRS study

Spread across six pages, the IRS article examines:

  • why staff are leaving
  • steps taken to tackle retention problems
  • how organisations are using exit interviews (a copy of an exit questionnaire is included) and employee attitude surveys.

How organisations are tackling retention problems: IRS survey findings

  • Training and development
    The "most popular" reaction to addressing difficulties is to enhance training and development provision (used by 73% of organisations surveyed by IRS).
  • Efforts to promote image as a good employer
    Organisations are looking to be recognised as an employer of choice (54%).
  • Increased pay
    Half of respondents (50%) increased employees' pay specifically to address staff retention in the past 12 months.
  • Work-life policies
    More flexible hours of work (44%) and improved family-friendly provisions (37%) are also extensively practised.

A final word

"Gathering hard data on reasons why individuals are leaving is vital if addressing staff retention is an aim of the organisation. It removes the guesswork from the situation and, if done effectively, gives the organisation an insight into working relationships, job function and design, and corporate culture." - IRS Employment Review 750.

Want to know more?

Title: Facing the retention challenge? IRS Employment Review 750/Recruitment and retention, 29 April 2002.

Methodology: The survey is based on information received from 90 organisations - all subscribers to IRS Employment Review.

Survey sample: The survey participants employ around 204,000 people in total. Seven in ten respondents are private companies.

Availability: Contact the subscriptions department at Industrial Relations Services in London, tel: 020 7354 6742.

For more details jump to the IRS Employment Review web site . . .

www.irsemploymentreview.com

Posted 6 June 2002