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Focus on employee retention now; don’t wait for economic rebirth

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in Employee Benefits Program,HR Management,Human Resources,Leaders & Managers,Management Training

HR professionals are gearing up for an expected wave of turnover as the job market recovers and workers split for better opportunities.

Fifty-six percent of HR pros say it's extremely likely or somewhat likely that voluntary turnover will rise due to the improving economy. And 83 percent of employees say it's extremely likely or somewhat likely that they will actively seek new employment once the job market and economy improve, according to the latest Job Recovery Survey by the Society for Human Resource Management.

The poll also hints at how HR will spur retention. Among them: 62 percent said tuition reimbursement; 60 percent said competitive vacation and holiday benefits; and 59 percent hope competitive salary will do the trick.

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