Survey shows how bonuses can prevent attrition in New Year.

Bonus for everyone

A survey of 1,096 UK employees carried out by bonus and incentives provider has revealed HR bosses who give out bonuses in December are less likely to see staff being poached or looking elsewhere. Overall, 58 per cent of workers in this sector said having received a bonus or gift from their boss recently would prevent them from looking for a new job – and in fact, more HR industry workers admit that this is the case than those in any other sector. Almost the same number (57 per cent) would be less likely to accept a new job if offered one, if the same had happened.

With workers being more likely to look for a new job in January than any other month of the year, December bonuses couldn’t be timed better for staff retention purposes. What’s more, happily, the research revealed that workers welcome receiving a  bonus from their employer more in December than at any other time of the year.

Alan Smith, UK managing director at One4all Rewards, said: “It’s interesting to see just how far a token bonus can impact on the loyalty of those in the HR industry. 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.”

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