Executives Report Employee Retention a Top Priority in 2008

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<strong>Orlando, Fla. &mdash; March 19</strong><br />More than 80 percent of business executives consider employee retention a top priority, according to the annual Employee Turnover Trends survey by TalentKeepers Inc., a researcher of employee retention.<br /><br />The survey finds that 81 percent of executives consider employee retention an important business priority, a staggering jump from the 41 percent in 2007 who considered employee retention a top priority. The survey gathers turnover data from major U.S.-based organizations representing every major industry. This year&#39;s survey response was the largest yet, with more than 600 participating organizations. <br /><br />"It&#39;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," commented Craig Taylor, &ldquo;Employee Turnover Trends&rdquo; research author and vice president of client services for TalentKeepers. "This opens up the dialogue about retention strategies that can be measured in relation to performance and financial goals."<br /><br />What&#39;s interesting to note is that, although 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&#39;t happen to me" mentality. Almost 40 percent of respondents believe that turnover will increase within their industry, but only 21 percent expect their own to worsen.<br /><br />This and other turnover data and statistics will be released in the &ldquo;2008 Employee Turnover Trends&rdquo; report, which will be available in mid-April. For a copy of the report, please contact Mara Schwartz at mschwartz@talentkeepers.com.<br />

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