Recruitment Tips, Employer Trends, and Hiring Insights from CareerBuilder

Retention > Survey Results

Money Talks When It Comes to Retaining Top Talent, Survey Shows

Employers who want to retain top talent over the next 12 months had better be willing to pay up – at least that’s what the results of the annual Employment Dynamics and Growth Expectations (EDGE) Report indicate.

Released today, the report, conducted by CareerBuilder and Robert Half International, provides an overview of the current employment situation, as well as a glimpse of the future hiring landscape.  More than 500 hiring managers and 500 workers nationwide participated in the study, now in its fifth year.

Looking at the results of the report, it looks like employers are going to have to pull out all the financial stops to retain their high performers as the economy turns around: Fifty-five percent of workers plan to make career changes, look for new jobs or go back to school after the economy improves.  And nearly half (49 percent) of employees said that the most effective way to keep them on board will be pay increases.  In fact, 28 percent plan to ask for a raise.

Another 20 percent of employees said they hope for better benefits and perks – mostly in the way of technology upgrades, tuition reimbursement and subsidized training – once the economy turns around.  

Not least of all, employers have to consider the impact of the recession on its workforce when looking at retention strategies.  “As businesses look to the future, they also have to consider how tough decisions made during the financial crisis have impacted job satisfaction and loyalty of their current staff members,” said Matt Ferguson, CEO of CareerBuilder, in today’s press release.

These are only a few of the many key findings in the report: I encourage you to read the full press release here or download the full 2009 EDGE report here.  Also, be sure to watch this video of Matt Ferguson on CNBC’s Squawk on the Street as he discusses the findings and what it means for the job market.

Mary Lorenz

About Mary Lorenz

Mary is a copywriter for CareerBuilder, specializing in B2B marketing and corporate recruiting best practices and social media. In addition to creating copy for corporate advertising and marketing campaigns, she researches and writes about employee attraction, engagement and retention. Whenever possible, she makes references to pop culture. Sometimes, those references are even relevant. A New Orleans native, Mary now lives in Chicago, right down the street from the best sushi place in the city. It's awesome.
0 comments

Trackbacks

  1. [...] employees who plan to leave their companies this year are doing so for more money, according to the 2009 EDGE report. It’s more important than ever that employers truly assess how they compare to the  industry [...]

  2. Trackback says:

    Great

    I have a Blogspot blog, and I want that any time I publish a new post on my blog, a link to the new post will automatically be added to my Facebook news feed. Is there anyway to do this?.

  3. Trackback says:

    Like it

    I would like to save all my blog posts on wordpress?

  4. Trackback says:

    I have some question

    I have a blogger blog with a custom domain set up. I want to export it to a hosted wordpress blog. Some of my posts have good ranks with google and I don’t want to mess that up. My new WP blog will be the. net of my custom blogger domain so the permal…

  5. Trackback says:

    Thank you

    My computer crashes at the start of a streaming video or of a full windowed video game?

Stay Connected

Subscribe