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Popular perks to drive retention

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HC Online | 11 Feb 2013, 12:00 AM Agree 0
What’s the one perk that could encourage your staff to stick around? You might be surprised at what counts.
  • Cara | 11 Feb 2013, 03:21 PM Agree 0
    Half day Fridays? It baffles me why more companies don’t offer full day Fridays off work substituted with a couple of extra hours work each day from Mon – Thur. Guaranteed that would reduce staff turn over, very few people would be likely to leave a 4 day a week job for a 5 day a week job and despite the extra hours, staff would be so much more motivated knowing they have that extra day to look forward to at the weekend. Thoughts?
  • All for a 4-day work week | 11 Feb 2013, 04:01 PM Agree 0
    I've done a 4-day work week (full time hours though) for years and it has enabled me to effectively combine a senior management role with kids. I still do a bit of work from home, check emails, respond to phone calls etc. on Fridays, but have the flexibility to also attend to personal matters. A number of my employees do the same (men too!) and it works a treat.
    Don't think it's all too hard: your staff CAN be motivated to work when you're not around, and they will probably work harder to prove that the 4-day week will work.
  • Ellie | 11 Feb 2013, 04:22 PM Agree 0
    Hi Cara,
    I agree. I have been lucky enough to work 4 days a week for the last 9 years! I have not wanted to look for another job.
  • Lenore Lambert | 13 Feb 2013, 02:11 PM Agree 0
    Our data based on a sample of 5000 exit interviews shows that this survey has completely missed the top drivers of actual staff turnover (as opposed to the hypothetical reasons people list when they are not actually leaving a job).

    While I'm all for flexibility (less than 1% of our company is full time) lack of it is not a key reason people leave jobs. The key issues are the work itself (nature of, and amount of challenge/stretch), career advancement opportunities, and poor management. Pay is also definitely in the list of top turnover drivers but it affects men more than women.

    For more info see a recent article in The Interview Group's e-news:
  • Karen Simmons | 22 Feb 2013, 11:59 AM Agree 0
    It would be really interesting to see a comparative study done on the 8am to 6pm 4-day per week, vs the 9am to 5pm 5 days per week. I am not convinced that we are as productive over longer, continuous working hours. From the business perspective, it raises the strategic question of how to continually improve productivity whilst retaining your workforce..
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