$how Me The Money
According to an article by Anne Fisher posted on fortune.com, 2006 may be a happy new year for job seekers.
In a recent survey of work related resolutions nearly one-quarter of employees responding indicated they hope to make more money this year. Employees were two and a half times more likely to want a pay hike than to earn a promotion. According to the survey, women more often than men put getting a raise first, while men were more likely to want a new job.
For the past two to three years we have been hearing the experts say that employees were becoming disgruntled and more likely to be actively seeking a new job. The importance of implementing pro-active retention strategies has been cited as critical for companies. Could 2006 be the year in which all of the predictions begin to come to fruition? Could it be too late for companies to take steps to retain their best talent?
This may be the year in which employment shifts back to a seller's market. Those companies who have been reading the statistics regarding the Emergent Workforce, the changing demographics and changing priorities of today's employees but steadfastly believing "it won't happen here" may be in for a surprise. Roger Herman, CEO of the Herman Group has said "there seems to be more talk than action when it comes to retaining employees." As a result, his organization predicts that retention strategies will become defensive reactions to skyrocketing attrition rates rather than being proactive and preventive. According to Herman, ". . .those employers who take pre-emptive action now will have the competitive advantage."
What is the climate in your company? Are you vulnerable to a significant talent defection? Are your best employees busy getting their resume into the hands of recruiters? If so, are you positioned competitively to attract new talent?
Or . . .is it much ado about nothing???
Click here to read Anne Fisher's full article A happy new year for job seekers as posted on fortune.com.
Posted by Denise Knutson, Senior Consultant, The H.S. Group
In a recent survey of work related resolutions nearly one-quarter of employees responding indicated they hope to make more money this year. Employees were two and a half times more likely to want a pay hike than to earn a promotion. According to the survey, women more often than men put getting a raise first, while men were more likely to want a new job.
For the past two to three years we have been hearing the experts say that employees were becoming disgruntled and more likely to be actively seeking a new job. The importance of implementing pro-active retention strategies has been cited as critical for companies. Could 2006 be the year in which all of the predictions begin to come to fruition? Could it be too late for companies to take steps to retain their best talent?
This may be the year in which employment shifts back to a seller's market. Those companies who have been reading the statistics regarding the Emergent Workforce, the changing demographics and changing priorities of today's employees but steadfastly believing "it won't happen here" may be in for a surprise. Roger Herman, CEO of the Herman Group has said "there seems to be more talk than action when it comes to retaining employees." As a result, his organization predicts that retention strategies will become defensive reactions to skyrocketing attrition rates rather than being proactive and preventive. According to Herman, ". . .those employers who take pre-emptive action now will have the competitive advantage."
What is the climate in your company? Are you vulnerable to a significant talent defection? Are your best employees busy getting their resume into the hands of recruiters? If so, are you positioned competitively to attract new talent?
Or . . .is it much ado about nothing???
Click here to read Anne Fisher's full article A happy new year for job seekers as posted on fortune.com.
Posted by Denise Knutson, Senior Consultant, The H.S. Group
posted by The H.S. Group at
8:56 AM
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