Organisations must provide their workers with a full range of employee benefits in order to keep them motivated and productive.
Research by the Citizens Advice Bureau (CAB) revealed that thousands of employees are not being allowed access to days of leave which they are entitled to, according to statutory obligations.
Workers in non-unionised industries like the hospitality services and retail are most at risk of being denied leave and as a result they are being advised to increase their awareness of employment law.
Employees in these sectors who miss out on holidays are likely to suffer from low motivation levels and this will adversely affect their productivity and approach to customer service.
Denying workers access to holiday leave will backfire on businesses as instead of boosting profits it may lead to a growing number of employees resigning from their firm.
The recruitment process can be extremely expensive and time consuming so it is important that employers do their best to retain their workers by providing them with benefits such as birthday leave.
Benefits like a couple of extra days leave and being allowed your birthday off work is also likely to attract an increasing number and higher calibre of job applicants to your organisation.
Another benefit which is also likely to increase staff retention levels is the promise of a pay rise or wage negotiation, depending on their performance, at certain stages of their employment such as every six months.
Research by XpertHR revealed that businesses are only rewarding their employees with modest pay rises because they are still concerned about how the current economic climate is affecting their financial circumstances.
The median forecast pay increase for employees is just two per cent and this will remain below three per cent for the remainder of the year even if the economy shows signs of improvement.
Organisations that offer small pay raises to their staff may lose employees when the economy starts to pick up as their workers will feel undervalued and may seek employment elsewhere when more jobs become available.
Any organisation which is unsure about what employee benefits to offer their staff should hire the services of performance improvement consulting experts as they will be able to deliver world-class results through the application of business theory.
Performance improvement consulting professionals can help businesses through the uncertain current economic climate by lowering costs by improving efficiency and eliminating waste.
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