skills Developments

With the recent woes surrounding the economy, it may come as a surprise to most that business leaders’ top worries still fall under the umbrella of talent management. They are retention and attraction, or more specifically, keeping great employees and bringing in new potential high-achievers.
The survey, conducted by Robert Half International, found that 39 percent of senior executives noted retention as their greatest staffing concern. The hidden embedded costs of this issue can easily affect the bottom line of an organization.
“Companies that lose top performers may not only experience declines in productivity but also incur significant costs in replacing those professionals,” says Max Messmer, chairman and CEO of Robert Half International.
Additional staffing concerns ranked as the following—recruitment (22 percent), productivity (17 percent), staff morale (17 percent), other (3 percent), and do not know (2 percent). The data was based on interviews with 150 senior executives from 1,000 of the nation’s largest companies.
In terms of recruitment, Messmer notes that there are still shortages of job candidates for positions such as credit and collections staff and specialists, and senior accountants, and it’s hard to offer enticing job perks in the current financial climate in order to attract new hires.