Flint Bishop

Bosses advised not to put off addressing workplace morale issues, says PwC

Midlands bosses are being advised not to put off addressing workplace morale issues and to future-proof their business against unplanned people losses, which could leave them under resourced as business conditions improve, according to experts at PwC.

Over the past two years, many businesses and public sector organisations in the Midlands have reduced their workforce and this has had an impact on workplace morale. Many employees in the region have experienced a change in their job role or been working longer hours to support the business through the economic downturn. Many have also had to endure a freeze on salary increases.

Rupert Hutton, human resources expert at PwC in the Midlands, said:

"Bosses in the Midlands have been doing a good job just by keeping the business afloat, but they now need to focus on the effect that recent cost-cutting strategies have had on workplace morale.

"For those who want to take positive action, employers should conduct a staff attitude survey to find out how employees at all levels are feeling. Employers then need to consider the output from this and decide how and in what areas they can take action to improve the position. There is a great deal that bosses can do to reward staff without necessarily increasing pay or introducing benefits that could incur an increased tax liability for the employee."

Little things, from saying 'thank you', to on the spot awards of vouchers to encourage the right behaviours can have a significant effect that outweighs the cost or effort of introducing them. These ideas can extend to 'employee of the month' awards, flexible working arrangements, or perhaps introducing staff suggestion surveys to give employees an opportunity to share their ideas about how the business can be run more efficiently.

Rupert Hutton, human resources expert at PwC in the Midlands, said:

"Employers are understandably reluctant to increase financial rewards or pay bonuses at a time of continuing economic uncertainty, however, there is still plenty they can do to reward workers and boost morale in the meantime. The costs of recruiting lost talent will outweigh the costs of ensuring those employees who are important to the business do not leave in the first place.

"Getting this right could give the business a competitive edge when it comes to attracting talent too and positive feedback from workplace surveys can be particularly attractive to potential recruits."

 

 

Bookmark and Share

Article published by Midlands Business News on 27 October, 2010

Submit your company news and photographs to Midlands Business News via email news@midlandsbusinessnews.co.uk or submit news and events online here.

midlandsbusinessnews.co.uk is an online Midlands business news network and we welcome submissions of your company or business related news articles and event notifications.

 

 

Articles submitted by PricewaterhouseCoopers LLP:



  • Executives don’t value complex incentives, says PwC - click to read
  • Welcome to the world of work: someone born today won’t get state pension until age 77, says PwC - click to read
  • PwC in the Midlands trials all-electric pool car - click to read
  • Listed companies must plan ahead for new shareholder rights concerning executive remuneration, according to PwC - click to read
  • Investors’ ‘willingness to complete’ is re-energising the Midlands deal market, says PwC - click to read
  • Inadequate security on mobile phones and tablets is exposing Midlands businesses to massive risk, new research shows - click to read
  • Private equity backed companies optimistic about growth in 2012 and looking to invest for the future - click to read
  • Midlands manufacturers are urged to take a fresh look at R&D tax credits, says PwC - click to read
  • Improved tax breaks to support entrepreneurial businesses are coming, says PwC - click to read
  • High retail valuations are dependent on innovation, says PwC - click to read
  • Budget 2012: some confidence-boosting messages for Midlands business and individuals, despite sticking to ‘no funding giveaways’ line - click to read
  • Budget 2012: confidence boosters are urgently needed, say PwC tax experts - click to read
  • Dip in BRIC growth should not put off Midlands exporting activity, says PwC - click to read
  • Private businesses need to prepare for Eurozone fallout, says PwC - click to read
  • Retail openings in the West Midlands are up, despite the gloom, says PwC - click to read
  • Real estate investment in limbo but lenders in the Midlands say they are ready to invest, says PwC and ULI - click to read
  • Corporate insolvency trends reveal construction and retail were worst hit in 2011 - click to read
  • PwC appoints new Risk Assurance leader in the Midlands - click to read
  • PwC urges region’s private business to reach for the prize - click to read
  • Payslip changes could bring challenges for Midlands employers, say tax experts at PwC - click to read
  • Business leaders in the West Midlands say unemployment needs urgent attention - click to read
  • Midlands business leaders have a positive outlook but should avoid just ‘sticking to what they know’, says PwC - click to read
  • BXL Services – in administration - click to read
  • Young workers value training and work/life balance over cash bonus - click to read
  • It looks like a sparkling Christmas for the High Street, but at what cost? - click to read
  • Corporate insolvencies in the West Midlands fell again in Q4 2011, says PwC - click to read
  • All businesses want for Christmas is......access to finance - click to read
  • PwC staff get ‘Caring at Christmas’ - click to read
  • More export-led turnarounds could be on the agenda in 2012, says PwC - click to read
  • Calling all companies with plans for world domination… - click to read
  • UK surfing an economic crime wave in response to economic austerity, PwC’s latest fraud survey shows - click to read
  • Midlands businesses say access to credit should be top priority for Chancellor in Autumn Statement - click to read
  • Tax incentives could bring risks as well as rewards for the region’s commercial property sector, says PwC poll - click to read
  • PwC supports local youth community project - click to read
  • Parry Bowen Limited in administration - click to read
  • PwC urges Midlands businesses to take advantage of Patent Box relief - click to read
  • 24,000 public sector jobs vanish in the Midlands as cuts begin to bite, says PwC - click to read
  • Occupancy rates on the rise in Birmingham, says PwC - click to read
  • PwC lends a helping hand to communities in the Midlands - click to read
  • PwC staff prepare to put their best foot forward for half marathon - click to read
  • Improving insolvency levels are hiding the real plight of Midlands businesses, says PwC - click to read
  • ‘Baby busters’ in the Midlands will be Generation Rent for longer than they expect, says PwC - click to read
  • With a year to go until all employees start getting workplace pensions – Midlands companies will struggle to comply, says PwC - click to read
  • PwC appoints new Head of Tax in the Midlands - click to read
  • A return of the entrepreneurial spirit, says PwC - click to read
  • New graduates start work at PwC in the Midlands - click to read
  • Manufacturers gear up to take advantage of the region’s Enterprise Zones - click to read
  • Private companies face both opportunities and challenges in their quest to get to the next level, says PwC - click to read
  • Low consumer confidence results in cautious Christmas planning for retailers - click to read
  • West Midlanders are among the most excited about London 2012 Olympics – says PwC survey - click to read
  • PwC appoints Steve Fraser as new Private Sector Regional Consulting Partner - click to read
  • Greener company car scheme drives Aston University forward, says PwC - click to read
  • Midlands business leaders must take brave approach to new market opportunities, says PwC - click to read
  • Midlanders are less likely to borrow in the year ahead, according to PwC report - click to read
  • PwC staff get ‘Caring at Christmas’ - click to read
  • Snow threatens damage to competitiveness and reputation for unprepared businesses, says PwC - click to read
  • Corporate Christmas gifts could come under tighter scrutiny thanks to new law - click to read
  • PwC survey reinforces that the £billions UK employers spend on current workplace pension provision represents poor value and fresh thinking needed - click to read
  • Cuts could leave public sector organisations in the Midlands open to fraud, says PwC - click to read
  • New appointment helps businesses understand what future has is store - click to read
  • New graduates start work at PwC - click to read
  • Bosses advised not to put off addressing workplace morale issues, says PwC - click to read
  • Midlands AIM market is set to bounce back, says PwC - click to read
  • PwC bolsters its Midlands Education team - click to read
  • PwC Midlands acts on sale of St Tropez - click to read
  • Midlands companies falling behind the rest of the world when it comes to investing in information security, a new global survey shows - click to read
  • Local authorities must look beyond cuts to re-draw map of public sector services in the region, says PricewaterhouseCoopers LLP, Midlands - click to read
  • PwC announces annual results and positive news for jobs and graduates - click to read
  • AIM Awards short list announced - click to read
  • Outlook for Midlands M&A remains strong, despite quieter Q2, according to PricewaterhouseCoopers LLP - click to read
  • Suppliers may need to trim costs to avoid negative VAT effect, say PricewaterhouseCoopers - click to read
  • Mixed messages for consumers force retailers to plan for another cautious Christmas, says PricewaterhouseCoopers Midlands - click to read
  • Midlands based PricewaterhouseCoopers volunteers take on big community challenge - click to read
  • Facing up to public sector spending cuts could bring rewards, says PricewaterhouseCoopers LLP Midlands - click to read
  • Midlands companies should emulate US counterparts when it comes to making the most of their investment in people, says PricewaterhouseCoopers - click to read
  • PricewaterhouseCoopers in the Midlands welcomes new partners and directors - click to read
  • Value-sourcing trend is set to benefit Midlands businesses, says PricewaterhouseCoopers - click to read
  • Employees are the new line of defence in any cyber security strategy - PwC, Midlands - click to read
  • Midlands university students take part in a summer talent academy with UK’s top graduate employer - PwC - click to read
  • Automotive sector begins to refocus on strategic growth opportunities, says PricewaterhouseCoopers Midlands - click to read
  • PwC research shows a big fall in corporate insolvencies – Midlands businesses are on the road to recovery - click to read
  • Investors should review options for protecting portfolios in new tax climate, says PricewaterhouseCoopers Midlands - click to read
  • Retailers bring forward Summer sales - average discounts of 45% according to PwC Midlands - click to read
  • Midlands employers should keep some room to grow, says PricewaterhouseCoopers - click to read
  • CGT rates could vary for short or long term investments, say tax experts at PricewaterhouseCoopers LLP, Midlands - click to read
  • Expected changes to tax rules require early action, says PwC in the Midlands - click to read
  • Investment management is a balancing act, say wealth experts at PricewaterhouseCoopers in the Midlands - click to read
  • China’s speedy recovery is an opportunity for Midlands manufacturers and retailers, says PwC - click to read
  • Review supplier contracts now and reap rewards, says PwC - click to read
  • PwC wins Private Equity award - click to read
  • Plan now for ‘once in a generation’ Budget, says PwC Midlands - click to read
  • Midlands workers rate work-life balance over bonus - click to read
  • Search the site

    News Article
    Search



    Faces behind
    the business

    Nick Beham

    Nick Behan



    PressVine
    The Maynard Hotel
    Incentive & Motivation
    Klick Solutions Media
    Gourmet life

    Need a Service?

    Search our Midlands
    Business Directory