RESEARCH has revealed a simple step bosses in HR can take can prevent staff departures during the dreaded January rush for new jobs.
According to a survey of 1,096 UK employees carried out by bonus and incentives provider One4allRewards.co.uk, HR bosses who give out bonuses in December are less likely to see staff being poached or looking elsewhere.
58% of workers in this sector said having received a bonus or gift from their boss recently would prevent them from looking for a new job – and in fact, more HR industry workers admit that this is the case than those in any other sector.
And almost the same number (57%) would be less likely to accept a new job if offered one, if the same had happened.
And with workers being more likely to look for a new job in January than any other month of the year, December bonuses couldn’t be timed better for staff retention purposes.
What’s more, happily, the research revealed that workers welcome receiving a bonus from their employer more in December than at any other time of the year.
Alan Smith, UK managing director at One4all Rewards, said: “It’s interesting to see just how far a token bonus can impact on the loyalty of those in the HR industry. Even if you just consider the amount of money that can be lost through recruitment costs when a member of staff resigns – never mind the softer negative impacts and knock-on effects that employees leaving can have, in terms of morale in the workplace – it is clearly something that is worth investing in.
“Multi-store gift cards like the One4all Gift Card can be purchased easily online or in your nearest Post Office. As they can be spent in a range of different stores, they are a great way for businesses to gift staff a little something to make sure they feel valued, ahead of the busiest time of the year for staff departures.”
For more information on how to use HMRC’s trivial benefits tax exemption to award bonuses to staff, visit https://www.one4allrewards.co.uk/taxfree.
Working with over 6,000 businesses of all sizes nationwide, One4allRewards.co.uk sells multi-retailer gift cards for staff via its website and works with companies to help transform employee and customer relationships through successful bonus, rewards and incentive schemes.
For more information about One4all Rewards, visit www.one4allrewards.co.uk.
About One4all Rewards
One4all Rewards is the corporate division of GVS, the creators of the One4all multi-store Gift Card sold online and throughout the Post Office network in the UK and Ireland.
The company sells gift cards for staff via its website and works with over 6,000 businesses of all sizes to transform employee and customer relationships, recognising what motivates and inspires people is very individual.
Choice empowers people to do what is important to them, which is why their products are instrumental in transforming relationships.
All products have been created to provide the ultimate choice, whether it’s a flexible employee benefit like the One4all Voluntary Benefits scheme, a customer loyalty scheme with the reward of an individually customised One4all Gift Card or an ongoing employee incentive scheme delivered through the reloadable One4all Reward Card.
The end result of the choice offered by any of One4all Reward’s products will be very personal to the individual. This will be what a business will be remembered for and what is key in transforming relationships.
One4all are ISO accredited and have received great recognition throughout their ten years of trading, the most recent being awarded for the Best CSR Programme of the Year in the 2018 Cards & Payments Awards.