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UK - Career development is key to staff retention according to Robert Half

01 December 2015

According to new research by Robert Half, senior financial company leaders say that career development, not higher salaries, is the key to staff retention during a tight jobs market.

The vast majority (89%) of financial services executives are concerned their top employees will leave to work with other employers in the next year. More than two thirds of the executives (68%) say they will adopt a policy of providing better career development opportunities to encourage valued employees to stay, while just over half (54%) said they would offer employees a raise or provide them with bonuses. Over a quarter (27%) will use counteroffers to get employees to stay while 28% will offer employees a flexible working offer.

 “As we head into the New Year, professionals are considering their options and are prioritising career advancement as part of their 2016 goals,” Luke Davis, Vice President, Robert Half Financial Services said. “While salary and benefits may be decisive factors when employees are considering a move, finding the positions that offers the right combination of career development, competitive pay and benefits will be a priority.”