Finance

Empowering Employees: Strategies for Retaining Talent

The worklessness crisis demands a cultural shift in businesses, empowering managers to support diverse employee needs and create inclusive workplaces.

By CoinZn Team4 min readNov 06, 20254 views
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The recent Keep Britain Working review sheds light on a pressing issue: the alarming number of individuals exiting the labor market due to health challenges (Fixing Britain’s worklessness crisis will cost employers £6bn a year, report says, 5 November). While the recommendation for employers to enhance occupational health support and prioritize early intervention is a positive step, it overlooks a critical aspect: the nature of work itself.

For years, the UK has inadvertently subsidized subpar work environments. Local authorities have frequently awarded contracts to businesses that offer low wages, unstable hours, and minimal support for employees who fall ill. As a result, the burden falls on the state, leading to increased welfare expenses, lost tax revenue, and heightened pressure on the National Health Service (NHS). This scenario is not just economically unsustainable; it represents a systemic failure.

The underlying issue is one of institutional disadvantage. The current labor market structure tends to favor individuals who can commit to full-time positions, effectively excluding millions who are capable of contributing but face various barriers. This group includes disabled individuals, older workers, parents needing adaptable hours, and those with criminal records. These obstacles are not coincidental; they are embedded within the system itself.

empowering employees strategies retaining blockchain network
empowering employees strategies retaining blockchain network

While the review emphasizes prevention and early intervention, it must also confront the conditions that render work inaccessible or unsustainable. The government possesses the necessary tools to initiate change. Every public contract could be linked to the real living wage and adhere to the Good Work Standard or Good Employment Charter, as evidenced by initiatives in London and Greater Manchester.

Section 32 of the Procurement Act allows public entities to reserve contracts for social enterprises and inclusive employers that create job opportunities for disadvantaged individuals. Implementing these measures could foster a network of employers committed to fair wages, local training, and job designs that accommodate real-life circumstances. This is the foundation for making work truly work.

empowering employees strategies retaining market analysis
empowering employees strategies retaining market analysis

Sir Charlie Mayfield aptly points out that merely injecting money into the worklessness crisis won't suffice. Without a transformative shift in workplace culture, the anticipated £6 billion annual expenditure by employers may ultimately be consumed by bureaucratic processes rather than being directed to support staff. The key players in this transition are managers, who have a significant impact on employee well-being.

Managers are responsible for making critical decisions, such as whether an employee with long Covid can work remotely, if someone with back pain can have their duties adjusted, or if flexible hours can enable a parent to return to work. Unfortunately, many managers feel apprehensive about making these decisions and lack the necessary training. A staggering one-third of managers express concerns about making mistakes or offending employees, and a similar proportion report insufficient line management training to assist returning staff.

empowering employees strategies retaining wallet technology
empowering employees strategies retaining wallet technology

To address these challenges, employers must equip managers with the skills and confidence needed to act decisively and compassionately. Without this investment, many individuals may remain mere entries on a Department for Work and Pensions spreadsheet, rather than valued employees contributing to the workforce.

A personal account underscores the importance of inclusivity in the workplace. Despite facing visual impairments, my ambition has never been compromised, nor has that of many individuals who are blind or partially sighted. Each year, thousands actively seek employment, and last year alone, the Royal National Institute of Blind People assisted over 2,000 people in securing or maintaining their jobs.

empowering employees strategies retaining digital transformation
empowering employees strategies retaining digital transformation

In conclusion, addressing the worklessness crisis requires a multifaceted approach that goes beyond financial investment. It necessitates a cultural shift within organizations, empowering managers to make informed decisions that support their teams. By creating a work environment that values diversity and accommodates various needs, we can not only retain talent but also foster a more inclusive and productive workforce. The responsibility lies with employers to take decisive action, ensuring that work truly works for everyone.

Tags:

#Work & careers#Business#Health#Working from home#Society

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