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Employees 'have become a business's main asset'
Managers must realise the value of their employees and engage them appropriately if their businesses are to succeed in the current climate.
This is the view of Kevin Friery, clinical director at the workplace wellness unit of consultancy firm Right Management, who stated that the corporate sector has entered a "human age", in which staff have become companies' main assets.
As such, worker engagement has become a critical success factor, making good staff relationships essential for companies that wish to bolster productivity and retain their most talented workers.
The importance of connecting with staff was underlined by a recent study from professional accountancy body AAT, which showed that modern employees no longer retain a "job for life" mentality.
Only one in three employees are currently planning to commit themselves to their current place of work in the long term, with the remainder open to better offers from competitors.
Mr Friery said: "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."
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