(Hi! If you've found your way to this item while actually looking for inormation on Asda Sales Turnover rather than staff turnover, I'll help you out by revealing that Asda sales figures at the end of 2008 were approximately £16.8 billion)Asda have announced that their staff retention rate is currently as high as it's ever been, with 67,000 of their 165,000 employees having completed at least 5 years' service - up 10% from last year. The supermarket giant states that their labour turnover rate is in the region of 20% per annum, and puts this down to a wide spectrum of employee-friendly policies including staff discount, money-off vouchers, plus other benefits. The ability to progress from "colleague" (shop floor employee) to manager is claimed as another factor in the increasing retention rate.
Personnel Today: Asda staff retention rates rocket
- How does the labour turnover rate in Asda (retail sector) compare with other sectors?
- How much of the improved retention levels may be due to the current economic situation, particularly the difficult job market?
- Is five years service a long time for an employee to remain with a company?
- When are employees more likely to leave a company?
- How significant a factor do you think the employee-friendly policies are in improving retention?
- What other measures might an organisation like Asda use to retain its staff?
IF ASDA WERE TO ALLOW ITS EMPLOYEES TO JOIN A TRADE UNION WITH OUT FEAR OR INTIMIDATION AND FOR THE COMPANY TO BUILD THE RELATIONSHIP WITH THE UNION THEN THIS WOULD LEAD TO GREATER RETENTION OF STAFF.
ReplyDeleteIT IS REPORTED THAT ASDA HAVE HAD TO PAY IN EXCESS OF £2MILLION IN PERSONNEL INJURY COMPENSATION OVER THE LAST 5 YEARS TO WORKERS WHO WERE UNFORTUNATE ENOUGH TO SUFFER AN AN INJURY WHILST IN THE COURSE OF THEIR EMPLOY
THIS DEMONSTRATES AS TO WHY ASDA HAVE DIFFICULY RETAINING STAFF, AS THIS QUESTIONS THE COMPANYS ETHICS TOWARD ENSURING THAT ITS EMPLOYEES ARE WELL PROTECTED IN THE WORKPLACE
Anonymous:
ReplyDeleteThanks for the comment. Your views clearly highlight the challenges faced by many large organisations concerning whether to recognise or encourage Trade Union membership, and also the pressure for all businesses to ensure compliance with Health and Safety at Work legislation
forget asda every little helps go to tesco :)
ReplyDeleteMayne if they treated their staff properly and with respect then they would be less likley to leave
ReplyDeleteAnonymous (18th October)
ReplyDeleteThanks for the comment. How about spelling out what you'd like Asda to do to treat their staff in the way you describe?
Thanks
for starters stop makaing them wear that horrible green
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