Top staff retention tools

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Seventy-seven percent of executives are willing to sweeten the pot to avoid losing their best employees when economic conditions improve, suggests a new Accountemps survey.

More than half (54 per cent) of chief financial officers interviewed said they plan to increase investment in professional development and training. Forty-six per cent intend on promoting top performers, and forty-two per cent intend to raise salaries to retain their staff.

CFOs were asked, "Which of the following steps are you taking or do you plan to take to retain your employees as the economy improves?" Their responses:    

Increasing investment in professional development………………. 54%    

Promoting top performers…………………………………….. 46%    

Raising salaries……………………………………………. 42%    

Reinstating or increasing bonuses…………………………….. 28%    

Enhancing benefits………………………………………….. 25%    

No steps…………………………………………………… 23%

(Multiple responses were allowed.)  

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