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TO HAVE AND TO HOLD: Even in Current Economy, Employee Retention Top Concern, Survey Shows

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TO HAVE AND TO HOLD

TORONTO, Jan. 8 /CNW/ – A recent survey suggests today’s employers are
most worried about hanging on to good employees, even in the current economy.
When asked about their greatest staffing concern, 33 per cent of senior
executives interviewed cited employee retention, while 23 per cent said staff
morale. Recruitment was named by 22 per cent of respondents.
The survey was developed by Robert Half International, the world’s first
and largest staffing services firm specializing in accounting and finance. It
was conducted by an independent research firm from Sept. 15 to Oct.15, 2008,
and is based on interviews with 100 senior executives in Canada.
Executives were asked, “What is your greatest staffing concern?” Their
responses:

Retention …………………………  35%
Staff Morale ……………………… 23%
Recruitment ………………………22%
Productivity ………………………  17%
Other …………………………….       1%
Don’t know ………………………..  2%
—-
100%

“Many firms are operating with lean teams in which every staff member
plays a key role in the business, making retention a greater concern,” said
Max Messmer, chairman and CEO of Robert Half International and author of Human
Resources Kit For Dummies(R), 2nd Edition (John Wiley & Sons, Inc.).
“Companies that lose top performers may not only experience declines in
productivity but also incur significant costs in replacing these
professionals.”
Mike Gooley, branch manager for the Toronto operations of Robert Half
International added, “Maintaining employee morale will assist with retention
efforts. One of the best ways to accomplish this is through effective
communication, making it is essential for executives to engage in frequent
dialogue with staff members to keep them updated on company news and offer
praise and encouragement.”

Robert Half International has more than 360 staffing locations worldwide
and offers online job search services at www.rhi.com.

 

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