Employers Concerned about Retaining Workforce
February 1, 2010
(PLANSPONSOR.com) - According to a new CareerBuilder survey, being able to
provide competitive compensation (34%) is the top staffing concern of
employers.
A CareerBuilder press release said maintaining
productivity levels (33%) and being able to retain top talent (31%) are also
top concerns for organizations’ in 2010. Employers surveyed cited a variety of
retention issues, including worker burnout (30%), being able to provide upward
mobility (25%), and difficulty strengthening employment brand after layoffs or
cut backs (10%).
Strategies employers said they will use to hold on to top
talent this year include:
- Offering more flexible work arrangements – 28%;
- Investing more in training – 21%;
- Promising future benefits (raises or promotions when the
economy picks up) – 18%;
- Offering more performance-based incentives (i.e., trips,
bonuses, etc.) – 16%;
- Providing higher salary without the title – 11%;
- Providing both higher title and salary – 10%; and
- Providing higher title without the salary – 7%.
Six percent of employers simply said they haven’t been
able to hold on to top talent.
Looking ahead, companies also said they will
face hurdles related to hiring. Twenty-one percent of employers are concerned
that won’t be able to find qualified candidates, while 12% may not have the
budget available to recruit, according to the press release. Five percent of
respondents indicated they don’t have the time to recruit.
Rebecca Moore
editors@plansponsor.com