June 28, 2012 by Christian Schappel
Employers are not too proud to admit it: They have an employee retention problem. But the good news is they’re reporting there are tactics and programs working to keep top employees on board — and the majority don’t involve bumping up employees’ pay.
Thanks to improvements in the job market, employee retention is rapidly becoming a hot button issue for employers.
In fact, 65% of organizations report retaining key talent has become a major concern recently, a stat WorldatWork published in its new report Retention of Key Talent and the Role of Rewards for which the company surveyed 526 mid- to senior-level rewards professionals.
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