Monday, December 20, 2004

More on retention

The Akron Beacon Journal today has a Christmas themed article on retention and companies approaches to combating it.

It notes that
Between September 2002 and August 2003, the rate was 19.2 percent across all jobs in the United States, according to the U.S. Bureau of Labor Statistics. And it has gotten worse.

Eighty-six percent of executives say turnover has stayed the same or increased, according to a recent study by the employee retention consultancy TalentKeepers.

The article notes that trust and respect are primary reasons determining retention rates.