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| Increased salaries not the answer for retaining staff
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 With almost half of all employers reporting they are struggling to fill skilled vacancies, staff retention is a key issue and simply providing salary increases is not the answer to retain staff.
Drake’s latest survey identified that:
• 80% of employees felt that having challenging and satisfying work was very important if they were to stay with their employer.
• 75% of employees also felt that having a better work life balance and improved leadership and management would influence them to stay.
• In comparison, increased salary was rated an important motivator by a low number of respondents.
Salary increases are generally not the solution to staff turnover. While staff will leave if they are not paid a fair wage, increasing salary alone is not the answer to improving staff retention, and can result in a competitive wage spiral which is not sustainable in the longer term.
Staff identified the following factors as very important in influencing them to stay in their organisations:
• More challenging and satisfying work – 79.5 %
• Better work life balance – 74.9 %
• Improved leadership and management – 74.5 %
• Increased career development opportunity – 72.8 %
• Increased learning and development opportunity – 70.5 %
• Increased salary – 56.4 %
In advocating that more employers should focus on increasing employee engagement, David Edwards, Strategic Manager at Drake said that not only are disengaged employees twice as likely to leave their employer as engaged employees, but they are also more prone to absenteeism and significantly more likely to have dissatisfied clients. |
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Drake is pleased to announce its sponsorship of the Melbourne Football Club (MFC) Coaches’ Box in the 2010 season.
MFC CEO, Cameron Schwab, said, “Drake holds a special place in our history, and we are delighted that they will also be a part of our future. Interestingly, Drake last came to the Club at a time of resurgence, back in the mid 1980s, and we’d like to think that their decision to come back will also signal another successful chapter in the history of the Melbourne Football Club.” |
| New Drake HR Telephone Advisory Service eases the burden of the Fair Work Act for small and medium sized businesses in Australia
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 According to recent research, more than four out of five small and medium sized businesses nationally are not prepared for the impact of recent changes to industrial laws which could jeopardise their ability to focus on business growth.
Drake has now launched a new product that allows SMEs, that do not generally have the luxury of recruiting an in-house Human Resources expert, the opportunity to exclusively utilise and have an external HR expert on-site, for only a fraction of the annual market cost. |
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Award modernisation – Are you prepared? |
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With the introduction of the new Fair Work Regime and the National Employment Standards (NES) introduced by the Federal Government, there will be changes that affect employees and employers nationally.
A new system of modern awards is intended to streamline and simplify the many awards that currently apply to the Australian workforce. The new awards will have national coverage across industry and occupational lines and will replace the current federal and state awards. Most new modern awards will apply from 1 July 2010.
For more information or to view the awards please click here.
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| SEMINAR - Leadership in Action: Unlocking the Employee Potential
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 Have you ever wondered why some extremely intelligent managers struggle to lead?
Effective people management is a key characteristic of a great leader. By knowing human nature, leaders can drive their team to go that extra mile. Common sense? Yet, it is easier said than done! | |
| How do you make the right choice?
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 A bad hiring decision will cost your company a significant amount in time and money.
To avoid these costs, organisations need to have sound hiring strategies and practices in place to find the right people. | |
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