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The transport and storage industry added a gross value of £59.2 billion to the UK economy in 2011 and the telecommunication industry added a gross value of £25.1 billion in the same year. [ 149 ] The UK has a total road network of 246,700 miles (397,025 km) with 31,400 miles (50,533 km) of major roads, including 2,300 miles (3,701 km) of ...
The automotive industry employs around 800,000 people, with a turnover in 2015 of £70 billion, generating £34.6 billion of exports (11.8 per cent of the UK's total export goods). In 2015, the UK produced around 1.6 million passenger vehicles and 94,500 commercial vehicles.
As of 2022, the UK aerospace industry was the second largest in the world behind that of the United States, [15] with a turnover of over $34.5 billion. Major players in the UK defence and aerospace market include BAE Systems, Airbus, Rolls-Royce, Babcock International, GKN Aerospace, Leonardo, Safran, General Electric, MBDA and Thales.
The influential S&P Global/CIPS UK services PMI survey showed a reading of 53.8 in February, as growth slowed marginally from 54.3 in January. ‘UK economy turned a corner’ as service industry ...
But when business returned as people started traveling more in 2021 and 2022, the company had a new problem on its hands: the highest turnover rate in its history.
For example, the US 2001 - 2006 annual turnover rate for all industry sectors averaged 39.6% prior to seasonal adjustments, [29] while the leisure and hospitality sector experienced an average annual rate of 74.6% during this same period. [30]
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An alternative motivation theory to Maslow's hierarchy of needs is the motivator-hygiene (Herzberg's) theory. While Maslow's hierarchy implies the addition or removal of the same need stimuli will enhance or detract from the employee's satisfaction, Herzberg's findings indicate that factors garnering job satisfaction are separate from factors leading to poor job satisfaction and employee turnover.