Thought I would forward this one along to you…..

WorldatWork (01/27/11)


Retaining talented employees will be one of the greatest challenges companies face this year as they focus more on moving from recovery to growing their business. According to Towers Watson’s global employee opinion database, only 48 percent of employees surveyed in late 2010 said their employers were doing a good job retaining talent, which is the lowest level since the end of 2008, and intentions to leave current organizations have risen to pre-recession levels. “Smart managers would do well to pay extra attention to their talent, especially top performers and those with hot skills, and make sure they feel so appreciated and engaged that they won’t be tempted by ‘greener grass’ on the other side,” says Max Caldwell, a managing director at Towers Watson. Consultants at Towers Watson say managers should help employees chart their careers, considering 78 percent of those who plan to remain say their employer offers long-term career opportunities. Managers should recognize good performers, as 60 percent of those who plan to stay with their employer say they are satisfied with how they are recognized. The research suggests managers should communication more, as 63 percent of those who plan to remain say management does a good job communicating with people. Managers should focus on work-life balance, as 69 percent of those who plan to stay say management generally understands on-the-job problems and supports their need to balance work and life. Also, managers should survey the workforce, considering 75 percent of those who plan to stay say their employer does a good job in seeking their opinions.

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