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Retaining Top Talent: Two Related Studies

The Monster® study, “Retention Strategies for 2006 and Beyond” examines HR managers’ attitudes toward turnover and workforce retention, and identifies actionable strategies for retaining and motivating top employees.   

Retention Strategies for 2006 and Beyond

Key Takeaways:

• Recruiters and hiring managers are not only cognizant of retention issues, but are concerned about its current and future impact on organizational growth.

Of the HR managers surveyed:

• 70 percent feel worker retention is already a primary concern.
• 40 percent state turnover has increased in the past 12 months.
• 55 percent expect workforce retention will be a high to very high challenge for their organization in the next five years.
• Employee satisfaction surveys are used by 69 percent of respondents yet most are conducted as an ad-hoc process and only 32 percent report making personnel and workplace changes as a result of the findings.

A related AberdeenGroup report, “Retaining Talent: Retention and Succession in the Corporate Workforce”, further explores retention and succession issues.

Retaining Talent: Retention and Succession in the Corporate Workforce

Both of these studies can be viewed in their entirety from the links above and have been made available free of charge courtesy of Monster.