Retention and OP

Here are the official figures for staff retention, fleet growth and OP by group for the Uk and EIRE for fiscal year to date;

Retention OP/car Fleet Growth

U8: 77.2% £-27 8.5%
NI: 70.25% £-129 119.4%
U1: 63.67% £-59 11.47%
I1 61.23% £-65 18.58%
U3: 60.28% £-35 6.37%
U4 58.00% £-32 -1.13%
U7: 52.74% £-86 0.40%
SC: 51.40% £-50 19.99%
U2: 50.88% £-50 9.22%
U6: 44.57% £-68 11.81%
U5 43.34% £-105 17.8%

Given that not a single group in the UK has managed to OP this year, despite most groups enjoying double digit growth, it would appear that massive growth fuelled by a low rate RBS contract does not make for a profitable business model. This is especially under-lined by the fact that the groups that lost the least money per car are those with the lowest fleet growth.

Bear in mind that the OP figures are pre-flip, and don't indicate whether the groups actually net-profitted or not, but they are quite worrying.

Retention seems to be a major concern, what's going in in U5 and U6??????

Originally Posted by Unregistered

Here are the official figures for staff retention, fleet growth and OP by group for the Uk and EIRE for fiscal year to date;

Retention OP/car Fleet Growth

U8: 77.2% £-27 8.5%
NI: 70.25% £-129 119.4%
U1: 63.67% £-59 11.47%
I1 61.23% £-65 18.58%
U3: 60.28% £-35 6.37%
U4 58.00% £-32 -1.13%
U7: 52.74% £-86 0.40%
SC: 51.40% £-50 19.99%
U2: 50.88% £-50 9.22%
U6: 44.57% £-68 11.81%
U5 43.34% £-105 17.8%

Given that not a single group in the UK has managed to OP this year, despite most groups enjoying double digit growth, it would appear that massive growth fuelled by a low rate RBS contract does not make for a profitable business model. This is especially under-lined by the fact that the groups that lost the least money per car are those with the lowest fleet growth.

Bear in mind that the OP figures are pre-flip, and don't indicate whether the groups actually net-profitted or not, but they are quite worrying.

Retention seems to be a major concern, what's going in in U5 and U6??????

Only tells half the story...keep your staff involved by throwing made up figures at them!

how can they be made up?

u6 is a hole

what kind of hole?

Originally Posted by Unregistered

what kind of hole?

a big hairy brown hole !!

is this from experience?

Originally Posted by Unregistered

Only tells half the story...keep your staff involved by throwing made up figures at them!

What's the other half of the story???

These figures are from the balance analysis that goes out from UK corporate to GMs, CMs and ARMs. If senior management were going to "keep their staff invoved by throwing made up figures at them", I find it a little unlikely that they would make up figures showing horrendous staff turnover and every group in the UK operating at a loss.....

[Tim O' Tei]

Originally Posted by Unregistered

What's the other half of the story???

These figures are from the balance analysis that goes out from UK corporate to GMs, CMs and ARMs. If senior management were going to "keep their staff invoved by throwing made up figures at them", I find it a little unlikely that they would make up figures showing horrendous staff turnover and every group in the UK operating at a loss.....

But what you have to understand is that this growth gives fantastic opportunites and people who don't like being on payback can't hack it...

Oh, hang on. Sorry, thats a crock of shite isn't it?

U6 is the South East right??? Unless they get some sort of weighting maybe £15K doesn't go quite as far as in the midlands etc...

Would certainly explain the fact that they lose more people than they keep....