Retention Initiatives on the Rise

Are employers finally figuring out that people really do matter? A recent SHRM survey reports that as the U.S. economy and the job market improve, a significant majority of workers are searching for new employers. Three out of four workers who are employed and responded to the survey said they are job searching actively or passively. Not only are people looking for jobs -- they're finding them. The report points out the increase in voluntary resignations and resulting concern amongst HR professionals. What's an employer to do? Many more organizations are looking towards retention strategies to address this business challenge. Almost half (49 percent) of HR professionals said their organizations were implementing special retention processes as a direct result of perceived improvements in the economy and the job market—up from 35 percent in 2004. Learn more on the SHRM website.