Site Logo

How to prevent New Year staff departures in IT and telecoms

Research has revealed a simple step bosses in the manufacturing industry 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, IT and telecoms bosses who give out bonuses in December are less likely to see staff being poached or looking elsewhere.

More than half (57%) 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 almost the same number (54%) would be less likely to accept a new job if offered one, if the same had happened.

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 IT and Telecoms sector. 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

Topics
More News
1 month ago
How to prepare for the new changes to employment laws
Employment laws are due an overhaul in April, with changes to flexible working, request amends, and protection for new parents and carer's leave, among other changes. Vivek Dodd, CEO of Skillcast, warns that failure to comply could result in serious consequences.
1 month ago
British Safety Council Keep Thriving workshop to take place in Cardiff
As part of its charitable work, British Safety Council is offering SMEs and micro-sized organisations in Cardiff the chance to attend a 3-hour workshop, delivered by its Being Well Together experts, completely free of charge to explore how to develop a well-being strategy.
1 month ago
Mitel appoints new SVP and Head of International Region
Mitel, experts in business communications, has announced the appointment of Simon Skellon as SVP and Head of International Region.
1 month ago
VIPRE Security Group appoints new General Manager of Business Security Division
VIPRE Security Group, a cybersecurity solutions provider, has appointed Usman Choudhary as General Manager of its Business Security Division, encompassing VIPRE EDR and Advanced Threat Protection for Email, SafeSend for Email, and Inspired eLearning security awareness training.
1 month ago
Ascentae unveils smart workplace experience centre
Ascentae, a UK-based workplace solution and value-added distributor, has announced the opening of a new Experience Centre in the heart of Clerkenwell, London.
1 month ago
IT at forefront of sustainability efforts, but lacks proper tools and expertise
A report commissioned by OpenText has found that IT departments are playing a major role in achieving corporate sustainability objectives and cited the lack of innovative tools and expertise as the primary challenges they face in meeting those goals.
1 month ago
Harrison provides bespoke manufacturing services to B&Q stores
B&Q set out to find a partner that could provide a range of display components, including a new-look dump bin. While the products had already been designed by B&Q, Harrison was invited to tender for the project at a later date.
1 month ago
Leyard Europe LED supports new educational exhibition
A 4K CarbonLight VX LED screen from Leyard Europe forms the heart of a new inspirational and educational exhibition at the headquarters of the European Molecular Biology Lab (EMBL), Europe’s flagship laboratory for research into life sciences.
1 month ago
Crawley Town Centre BID invests in AI visitor behaviour platform
Crawley BID has invested in Place Informatics Visitor Behaviour Platform to help understand, manage, and improve town centre services and events.
1 month ago
Viking re-establishes presence in Ireland
Office supplies reseller Viking is re-establishing its presence in Ireland with the opening of a distribution centre in Dublin, the development of a local sales team, and the creation of a local customer service centre.

Login / Sign up