Tesco leads the way by helping staff through credit crunch

Tesco has come up trumps in its approach to employee engagement and retention.  They have announced that they will send all 280,000 of its UK employees a guide to managing their money as it ramps up its efforts to help them through this economic crisis. The supermarket giant is distributing the Financial Services Authority's essential guide to personal finance throughout November.

"Just the Facts about Making the Most of your Money" will provide unbiased facts and information on how to get help in areas such as budgeting, borrowing, protection and planning.

Tesco also held a series of hour-long briefings for office-based staff, and has more planned for its distribution centres. In-store employees are being made aware of the booklet in weekly planning meetings.

Hayley Tatum, Director of Personnel for stores and distribution at Tesco UK, said: "Tesco is undertaking these initiatives because we are very keen to support our people every way we can. Good money management can make a real difference to people's lives."

What a great example of how employers can help support employees through tough times. This kind of practical support will boost their image as an employer even more.

Read more about innovative employee engagement initiatives and Recrion's Employee Engagement Barometer on http://www.recrion.co.uk  Telephone 01780 484910