Benefiting from employee loyalty

Provision of a comprehensive benefits package to staff is becoming increasingly important to companies as mobility of labour increases in a buoyant UK labour market. In particular the massive number of new dot.com start-up businesses over the past 18 months to two years has left many companies feeling vulnerable - the prospect of making money apparently almost overnight might encourage even the most loyal employee to abandon their job and become online entrepreneurs. At one end of the spectrum, certain investment banks have taken unprecedented steps to reward and retain their key staff. ...