Survey: Employee retention a top worry

Keeping prized employees is a top concern for employers even in today’s economy, according to a survey by Robert Half International.

Nearly four out of 10 senior executives cited employee retention as their greatest staffing concern.

For 22 percent, bringing in new employees was their top worry.

Seventeen percent said productivity was their chief concern, while 17 percent cited employee morale.

“Many firms are operating with lean teams in which every staff member plays a key role in the business, making retention a greater concern,” says Max Messmer, chairman and chief executive of Robert Half International. “Companies that lose top performers may not only experience declines in productivity but also incur significant costs in replacing these professionals.”

The survey included results from 150 senior executives at the 1,000 largest companies in the United States.

It was taken from Sept. 15 to Oct. 15.

California-based Robert Half (NYSE:RHI) has been tracking financial-hiring activity in the United States since 1992. It places accounting and finance workers in temporary and contract jobs.

Source: Business Chronicle