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.