Improving Economy Means More Emphasis on Employee Retention

According to a recent Huffington Post article, 30 percent of employees plan to leave their current jobs within the next two years.

For the businesses that made it through our most recent recession and are now starting to gain momentum, that prediction figures to be of major concern.

During any recession the employees who retain their jobs have significantly fewer outside career-improvement options. Which means many workers remain in positions they may not enjoy because they have few if any alternatives.

But that’s about to change, according to the above-mentioned estimate.

So now the onus is on the businesses that need to retain their headcount to find creative ways of doing so.

According to the Huffington Post piece, businesses that learn from the local, mobile, social (LoMoSo) marketing and technology movement could gain a major advantage when trying to prove their commitment to the employees’ professional development.

From the article: “In today’s recovering economy, the resources necessary for onboarding, learning and talent development – vital to retaining costly hires – are in short supply. As we talk about ongoing talent development, what lessons can we borrow from the local, mobile, social (LoMoSo) marketing and technology movement to ensure we’re building the most productive and intelligent workforce possible?”

I encourage you to read the piece in its entirety to learn more.

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One Comment

  1. Chinweike July 31, 2013 - Reply

    This is a must read article for HR managers that still have not understood the importance of attracting and retaining bright work force.
    It pains me a lot whenever I see companies not taking care of their most valued asset. Imagine what would happen to a company if it losses all of its staff to its competitors.
    Nice swift advise and encouragement to management. I hope they find this article.

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