Yet another sign that the job market is heating up for real this time: More
managers say that retention will be one of their most important
workforce-related issues in 2005.
Thirty-nine percent of managers say that employee retention will be a "top
trend affecting policies that impact employees" at U.S. businesses this year,
according to a study of 107 managers by the Society for Human Resource
Management. Last year, 34 percent cited retention as a "top trend."
The same question asked of 310 human resources professionals yielded similar
results. Forty percent said that retention will be a top issue this year,
compared with 36 percent last year. Retention
increased more as a priority of human resources from 2004 to 2005 than all other
issues, including health
care cost increases, communication and morale, economic uncertainty, productivity,
and aligning compensation
and benefits
with company values.
Among C-level executives, 33 percent said that retention is a top priority
this year, the same percentage as last year.
The SHRM survey was conducted November 16-29.