Employers Plan to Reward Employees as Economic Conditions Improve

March 31, 2010 (PLANSPONSOR.com) - Most executives (76%) are willing to sweeten the pot to avoid losing their best employees when economic conditions improve, suggests a new survey by Accountemps.

Half of chief financial officers (CFOs) interviewed said they plan to promote top performers once the economy recovers, and 48% plan to give raises, according to a press release. Forty-one percent reported they are increasing investment in professional development.      

Nearly a third of survey respondents indicated they will enhance benefits, and 26% plan to reinstate or increase bonuses. Just under a quarter (24%) reported they are taking no steps to retain employees once the economy improves.      

“Indispensable workers who helped businesses stay afloat during tough times will have new career options as conditions improve,” said Max Messmer, chairman of Accountemps, in the press release.      

More than 1,400 CFOs from a random sample of U.S. companies with 20 or more employees were interviewed for the survey.