Healthcare staff retention improved by December bonus
New research by bonus and incentives provider One4all Rewards has found that December bonuses have a large impact on the retention of healthcare workers.
A survey of 1,096 UK employees found that healthcare bosses who award bonuses in December are less likely to see staff being poached or looking for a new job. Almost half of workers (42 per cent) said that having received a bonus or gift from their boss recently would prevent them from looking for a new job, while 43 per cent said that they would be less likely to accept a new job if offered one if the same had happened. The research found that a December bonus is welcomed better than a bonus at any other time of year.
“It’s interesting to see just how far a token bonus can impact on the loyalty of those in the healthcare 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,” said Alan Smith, UK Managing Director at One4all Rewards.