May 25, 2018  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Small Business News for Entrepreneurs

 

Small Business Finance News

 

Most Employers Willing To Invest In Employee Retention

Written by Ken Gaebler
Published: 3/18/2010

Even in financially uncertain times, employers will take precautions to make certain they retain valued employees.

The departure of long-term or valued staff can be bad news for small business owners, many of whom depend on client relationships and unique skills that employees bring with them. A new survey shows that most companies are willing to go out of their way to retain top employees in difficult economic times.

Entrepreneur Making Money

The data comes from specialized staffing service Accountemps, through interviews with more than 1,400 CFOs from a random sample of American companies. Respondents were asked, "which of the following steps are you taking or do you plan to take to retain your employees as the economy improves?"

Responses showed that half were willing to offer promotions to top performers, while nearly half were willing to raise salaries. Increasing investment in professional development, enhancing benefits and reinstating or increasing benefits followed as the most popular measures. More than three-quarters were willing to take at least one step toward employee retention.

Performance Partners consultant Sterling Price recently wrote an article for EzineArticles.com recommending that businesses take careful measures to measure employee satisfaction. "Climate assessments" through surveys and meetings can help determine how employees feel about their jobs and the environment at work.

Have Friends Who Might Like This Article?

Tweet via @gaeblerdotcom Share this on Twitter

Let them know on LinkedIn

Ready to Learn More? We Think You Might Like These Articles:

 


About Our Small Business News

If you enjoyed this article, you can find other breaking news for entrepreneurs on our site. We cover important news stories for entrepreneurs. In addition to breaking news for entrepreneurs, we also have tons of how-to articles that cover topics like getting business loans, preparing a marketing plan, working with family members and much more.

 

 

Additional Resources for Entrepreneurs

Help for Native American Entrepreneurs

Resources for Gay Entrepreneurs

Businesses for Sale

Online Entrepreneur Tools

Economics

Lists of Small Business Incubators

Lists of Angel Investors