Liontrust Responsible Capitalism Report 2022 - Flipbook - Page 19
47%
6%
73%
of employees have
been with the firm for
5 years or more
Overall turnover in
2019 was 6%
(2018: 11%)
Our retention of highperforming employees
remains high at 73%
(2018: 71%)
Living Wage
Liontrust is committed to offering fair pay to all by paying employees
at least the London Real Living Wage. This means that every member
of staff based in London, including contracted maintenance and
reception teams, earns at least a “living wage” which is an hourly
rate higher than the UK minimum wage and is set independently,
updated annually and based on the cost of living in London.
Outside of London, our other two offices tend to employ only
investment and professional services staff, as well as support staff,
who are remunerated above applicable minimum or living-wage
requirements.
Employee Engagement
Liontrust encourages a culture of open communication between
our employees and senior management. We benefit from being a
small organisation, operating in a relatively flat structure with few
hierarchies. The members of our Executive Committee have an opendoor policy. We also encourage feedback from employees to senior
management through more formal forums, including regular team
meetings and off-sites to discuss our strategy, as well as through
the annual appraisal process. Managers throughout Liontrust have a
continuing responsibility to keep their teams informed of developments
and to communicate financial results and other matters of interest.
The Executive team holds regular town hall style meetings to provide
employees with company updates and ongoing strategies. The
Chairman and the Non-executive Directors are active in meeting
various teams throughout the firm to gain an insight into how our
business operates and into our culture. Employees also enjoy this
opportunity to interact with the Board.
We have a highly engaged, experienced and stable workforce,
with 47% of employees having been with the firm for 5 years or
more. Overall turnover in 2019 was 6% (2018: 11%). We focus
on retaining our most talented employees and our retention of highperforming employees remains high at 73% (2018: 71%).
In February 2020, we undertook our inaugural workforce
engagement survey. The overall response rate was 69%, compared
to an industry average of around 60%. Our engagement index was
81%, sitting 5% above the norm. The survey was benchmarked
against the 5 pillars of engagement: Engaging Managers; Employee
Voice; Realising Potential; Organisational Integrity and Compelling
Leadership - we scored above the norm for each and every pillar.
Workforce Advisory Committee
In 2019, Liontrust established a Workforce Advisory Committee
with representatives from across the business including two members
of the Management Committee.
The purpose of this Committee is to advise the Management
Committee and Board on matters relating to the workforce ensuring
all colleagues have the skills, motivation, energy and capacity to
develop and grow, in an environment where colleagues want to
stay and thrive.
Liontrust Sustainability Report 2020 - 19