
One of the questions I’ve been asking recently while out seeing Comms Managers, is whether they are seeing a shift in the market in relation to R and R (reward and recognition). Specifically, I was interested in whether organisations are looking at ways to raise staff morale and improve employee retention.
We’ve all been through a rough year; some worse than others, with 4 day weeks, redundancy and pay freezes. This is bound to have an effect on morale and ultimately will affect both productivity and employee retention.
According to a report released by Gfk NOP, 37% of public sector employees claim morale has fallen since last year, with 13% of respondents planning to leave their current job as soon as possible while a further 11% plan to depart in the next year. Obviously there are going to be less jobs in the public sector moving forward however, I have no doubt that the employing bodies would prefer to have some control over who stays and who goes. The cost of hiring has never been cheap and this coupled with down time while you are trying to replace staff hits the employer doubly hard.
So back to my main question ..... what are employers doing about it? The Comms managers I spoke with week said very little due to budget restrictions but then I still have to question whether this is right. With employers having the ability to claim tax relief of up to £150 per head for employees entertainment, I think now is the time to be thinking about ways to recognise your staff, to say thank you for their commitment, understanding and loyalty and to remind them that although times might be hard, you do appreciate them and want to show them in an appropriate way.
Family fun days, Christmas parties and team building activities are a cost effective and appropriate way to reward your staff, bringing them closer to each other, as well as your organisation. With the average cost of R and R days ranging from £50 - £150 per head and the cost of replacing employees running in the thousands, the pertinent question seems to be, can you afford not to reward and recognise your employees?