Philadelphia, PA (PRWEB) -- With the economy cautiously turning the corner, senior leaders are focused on hiring and developing talent, according to a survey of more than 450 senior executives on LinkedIn® by Right Management. 94 percent of executives said talent management is a top priority for 2010. Right Management is the talent and career management expert within Manpower, the global leader in employment services.

The findings present good news for employees and job seekers. Employers are preparing themselves for growth opportunities as the economy rebounds and are looking for ways to enhance performance and productivity. One-third of the senior executive respondents will be hiring new talent in 2010, while 36 percent will focus on developing current talent. Twenty percent reported that increasing employee engagement is a top priority. Career development opportunities and efforts to increase engagement typically improve retention, which may explain why only 4 percent of senior leaders indicated they would be focusing efforts on retention.

Read the full release.

Tags: talent management, employee retention, career development, executives, new economy

Categories: News | Research

The silver lining in a lousy economy is employee retention, but as economic prospects brighten, most firms are thinking about ways to retain talent, according to the latest study by the Institute for Corporate Productivity (i4cp) on the subject of organizational turnover and engagement. But that doesn’t necessarily translate into big raises for most employees, who have seen few pay raises of late.

In this down economy, the study, the full results of which are now available to i4cp members in both standard and interactive form, found that higher market performing companies are more than twice as likely to offer pay raises to keep key talent from walking out the door than are lower performers.

The study showed that 18% of high-performing organizations have already taken the step of increasing compensation levels to reduce turnover, compared to 7% of lower performers. Over the next six to 12 months, the same ratio of high performers (18%) plan to implement pay raises, while almost a quarter (24%) of lower performers have plans to do so.

Read the full release.

Tags: new economy, research, employee retention, employee engagement, turnover, performance

Categories: Research | The Economy