Workers 'the main asset' of any company
A company's employees are the main asset of any organisation, and firms need to recognise this if they are to get the best out of their staff.
That is the opinion of Kevin Friery, clinical director at Right Management Workplace Wellness, who said that the current economic climate in the UK has led to a "significant change" in the employment relationship.
Furthermore, he said the country has shifted socially into an era where people have different expectations of life and are bringing new attitudes to employment.
"In meeting the economic challenge of delivering more with fewer resources, employers can only succeed if they have understood the needs, abilities and motivation of their staff and created a psychological contract that supports these," Mr Friery added.
By acting in this way, the business achieves better productivity whilst growing and retaining talented people, the expert said.
Additionally, good staff relationships form a cornerstone of corporate social responsibility, he concluded.
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