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Although not all the benefits can be tangibly calculated they will all impact on the business and deliver real benefits. In summary these include:
- Reduced staff costs and
lower staff turnover
- More motivated and productive
staff
- Higher morale, commitment
and feelings of self worth
- Higher productivity
- Improved return on investment
in training and development
- Change is more easily introduced
- Improved employee relations
- Improved customer care
- Better absence management,
fewer days lost to sickness
and absenteeism and therefore
reduced costs of sick pay
- Retention of knowledge and
skills base
- Reduced number of accidents
- Improved quality
- Reduced costs of sickness
cover/overtime
- Reduced costs of recruitment
- Less likelihood of compensation
claims being made and better
defence against any such claim
- Strengthened position with
regard to employer's liability
insurance
- Improved quality of working
life
- Improved health and well
being
- Employees are happier
- Lower risk of claims
- Greater job satisfaction
Research identified the top
five priorities as being:
Attracting and retaining staff
68%
Keeping staff motivated
50%
Complying with legislation
47%
Employee health and well being
38%
Absence management
35%
*Direct Line insurance reduced
employee turnover by 5% representing
a saving of £150,000 in
direct payroll costs alone;
every £1 spent recovered
£9 from retention of staff
alone |
