Why a December bonus could prevent New year staff departures

Why a December bonus could prevent New year staff departures

January is traditionally a time for new beginnings – and, for many employees, it is often the time their search for a new job starts in earnest.

However, research from One4all Rewards suggests that there is one key way to stop workers from logging on to job sites – offering them an end-of-year bonus.

According to a survey of 1,096 UK employees, almost half (46%) said having received a bonus or gift from their boss recently would prevent them from looking for a new job. Additionally, 45% would be less likely to accept a new job if offered one, if they were given some form of reward.

Alan Smith, UK Managing Director at One4all Rewards, says: “It’s interesting to see just how far a token bonus can impact on workers’ loyalty to their employer.

"Even if you just consider the amount of money that can be lost through recruitment costs when a member of staff resigns – never mind the softer negative impacts and knock-on effects that employees leaving can have, in terms of morale in the workplace – it is clearly something that is worth investing in.

“And thanks to HM Revenue and Customs’ recent introduction of tax exemptions on trivial benefits of £50 per employee or less, it has never been more affordable for businesses to gift staff a little something to make sure they feel valued, ahead of the busiest time of the year for staff departures,” he concludes.

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