Winning the Battle for Talent: The Importance of Retention in a Post- Recessionary Economy
11/16/2010 2:16:30 PM
In the aftermath of salary freezes and benefits cuts, companies continue to deal with an uncertain economy and remain cautious with spending. Developing non-monetary ways to elevate employee morale and loyalty is a critical component to retention in a post-recessionary environment. As the economy improves, turnover will increase as workers begin to feel confident enough to change jobs. In fact, 60 percent of employees in a recent Manpower survey said they intend to leave their current company and one in four are starting to look.