Employers that fail to treat staff with compassion and tact during the economic crisis will see their talent flee when the economy turns - and it will turn within 12 months, says Team Leaders managing director, James Adonis.
A single recruit can cost a company more than $100,000, and employers are at risk of squandering that investment if the new hire doesn't feel "attached", says Sork HC managing director, Anthony Sork.
Leaders who believe they can cease efforts to keep employees engaged during the downturn risk damaging their company's financial performance, according to Gallup research.
The Federal Government's proposed changes to employee share scheme rules could cause the schemes to come to a halt and will have a negative impact on both workers and employers, lawyers say.
Many employers will be faced with a new battle to retain their best workers after the Federal Government announced plans to invest $22 billion of its 2009/10 budget in the nation's infrastructure, says Hewitt's Australia and New Zealand managing director, David Brown.
Employers that fail to adapt their motivational tactics to employees' individual drivers risk creating workers who drag down company performance, according to Samantha Hickey, professional services manager at SHL.
Google is famous for its employees perks but they're not what keeps it attrition rate around two per cent, says Sue Polo, director of HR - engineering and operations.
Australian HR departments are struggling to meet the challenges created by recession-driven cost-cutting with fewer resources and less control over decision-making, a new study confirms.
"New entrant" airlines investing heavily in employee development and resisting the urge to "slash and burn" their workforce during economic slumps are outperforming the industry giants, says a new book on the flight trade.
Some employers have successfully stepped up to the task of managing psychosocial safety, but in many other workplaces, initiatives are falling flat. Join us for an HR Daily webinar to understand what's holding back progress in this critical space and how to move forward.
