SPECIALIZING IN: Changing Careers, Career Transformation & Executive Development WEBSITE: http://www.executiveleadershipLLC.com
FRIDAY, APRIL 09, 2010 ORIGINAL PUB. ASTD
What Would an Executive Do to Keep a Star Employee?
More than three-quarters of chief financial officers are willing to curry favor with their best employees to retain them once the recession dies down, according to a survey by Accountemps. In fact, 50 percent of CFOs plan to promote their top performers once the economy picks up while 48 percent plan to give raises.
These actions were chosen in response to the question: “Which of the following steps are you taking or do you plan to take to retain your employees as the economy improves?”
Other picks included increasing investment in professional development (41 percent); enhancing benefits (32 percent); and reinstating or increasing bonuses (26 percent). Only 24 percent of respondents chose “no steps.”
“Now is the time to re-recruit your standout employees,” says Max Messmer, CEO of Accountemps. "Let your top performers know they have a clear career path within the organization and re-evaluate compensation levels to make sure they're in line with what other firms in your industry are paying for similar positions."
These actions were chosen in response to the question: “Which of the following steps are you taking or do you plan to take to retain your employees as the economy improves?”
Other picks included increasing investment in professional development (41 percent); enhancing benefits (32 percent); and reinstating or increasing bonuses (26 percent). Only 24 percent of respondents chose “no steps.”
“Now is the time to re-recruit your standout employees,” says Max Messmer, CEO of Accountemps. "Let your top performers know they have a clear career path within the organization and re-evaluate compensation levels to make sure they're in line with what other firms in your industry are paying for similar positions."
