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Employee Retention 2008 Top Priority

An annual TalentKeepers survey suggests that retention may be at the top of the list for many executives in 2008 as compared to the previous year. In fact more than 80% of business executives consider employee retention a top priority, according to the annual Employee Turnover Trends survey by TalentKeepers®, Inc., a specialist in employee retention research. The survey finds that 81% of executives consider employee retention an important business priority, a staggering jump from the 41% in 2007 who considered employee retention a top priority. “It’s great that executives finally view retention as not only an HR priority, but as an important business priority that affects company performance and the bottom line,” comments Craig Taylor, Employee Turnover Trends research author and VP of Client Services for TalentKeepers. “This opens up the dialogue about retention strategies that can be measured in relation to performance and financial goals.” While there is a growing concern for employee retention as a business priority, executives seem to be more optimistic about their own situation than they are about others in their industry – expressing an “it won’t happen to me” mentality. Almost 40% of respondents believe that turnover will increase within their industry, but only 21% anticipate turnover to worsen in their organization.