find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
In-House Legal Counsel (Mid to Senior)| Regulated Markets (Energy and Gas)
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Full PD on Request · Exciting High Impact Role
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Firms will pay for pushing employees

Firms will pay for pushing employees

Firms that played on the insecurities of their employees in order to drive out extra hours and more productivity during the downturn will need to be on guard in the coming months, delegates at…

Firms that played on the insecurities of their employees in order to drive out extra hours and more productivity during the downturn will need to be on guard in the coming months, delegates at the HR Leadership conference in Melbourne were told today.

Speaking live via video link from Savannah, Georgia in the US, Allan Schweyer, principal of the Center for Human Capital Innovation said that eighty per cent of employees are ready to leave their organisation once the employment market picks up - and the firms that need to watch out are those that intentionally used the recession to play on employee insecurities to work them harder.

"A recent survey revealed that sixty per cent of knowledge workers are just happy to have a job," said Schweyer. "Many companies knew this and really used it to their advantage to draw as much as they could from each individual employee and this has led to a jaded workforce."

The solution, said Schweyer, is for companies to increase their efforts to engage top talent, and to try and hold on to those top people.

Research shows that an engaged workforce is a more productive workforce and that employees are much less likely to leave an organisation if they are engaged, said Schweyer. He added that the way to truly engage staff is by offering career progression, personal growth and social inclusion - rather than extra money.

However, as a short-term fix for those firms that that did not behave ideally during the recession, Schweyer suggests firstly admitting to employees where the company went wrong and potentially offering additional compensation to hold on to top talent.

"Start with meetings with the top performers and key talent and be straight up and let them know how much they are valued within the company and how much you want them to stay," said Schweyer. "The compensation lever could also be used as a short-term fix to hold on to those employees the company can not afford to lose."

- Sarah O'Carroll

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Firms will pay for pushing employees
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Law Council of Australia
Nov 21 2017
LCA calls for urgent adoption of ‘game-changing’ recommendation
The Law Council of Australia has urged for the immediate adoption of a key recommendation put forwar...
Sally Wheeler
Nov 20 2017
ANU College of Law appoints new dean
A distinguished legal academic and the former head of law of a higher education institution in Irela...
Violence
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...