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Lack Of Budget Hurts Retention


While businesses in the Greater Toronto, ON-Area (GTA) have come a long way, there is still progress to be made in strategically balancing their budgets while satisfying their employees, says a Lannick Group of Companies survey. Many employers assume all hiring flaws come from unreliable individuals, but companies are failing to address the real reasons why recruitment and retention are on-going issues. "The survey shows a severe disconnect between what employers knowand what employers are willing to do to address their workplace satisfaction issues," says Peter Jeewan, president and CEO of Lannick. The top two reasons cited for difficulty retaining staff were lack of budget and lack of work/life balance within their organization. Organizations can strengthen their business by investing in employees as they do in their clients and understanding the effect corporate culture has on people. Employees place prominent value on factors such as flexibility and balance, not just monetary reward and status.

Courtesy of Benefits and Pensions Monitor website News Alerts 

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