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Flex work heads list of employer retention strategies

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in Hiring,Human Resources,Leaders & Managers,Management Training

While hopeful economic news has some companies breathing a cautious sigh of relief when it comes to headcount, others continue to face staffing challenges.

According to a new CareerBuilder survey, being able to provide competitive compensation (34%), maintaining productivity levels (33%) and being able to retain top talent (31%) are organizations’ top staffing concerns this year. The survey polled more than 2,700 employers at the end of 2009.

In addition to salary and productivity, a variety of retention issues are worrying some organizations this year as the economy rebounds.

Worker burnout (30%), being able to provide upward mobility (25%) and difficulty strengthening employment brand after layoffs or cutbacks (10%) are concerns for companies trying to preserve their employee base.

When asked how they will hold onto top talent this year, employers reported the following:

  • 28% will offer more flexible work arrangements
  • 21% will invest more in training
  • 18% will promise future payoffs (in raises, benefits or promotions) when the economy picks up
  • 16% will offer more performance-based incentives, such as trips, bonuses, etc.
  • 11% will provide higher salaries, but not “better” job titles
  • 10% will provide both higher salaries and better titles
  • 7% will provide better titles, but no additional money.

Looking ahead to upcoming recruitment needs, employers also said they will face hurdles related to hiring. Twenty-one percent of employers are concerned that they won’t be able to find qualified candidates, while 12% may not have the budget available to recruit. And 5% said they don’t have the time to recruit.

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