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What are You Doing to Retain Your Top Producers?
Dec 2nd, 2009 by admin

Don't let the competition take your top producers. A new research report from Deloitte reports, for the first time since initiating its longitudinal study of global talent trends and strategies in January, those executives surveyed are more inclined to believe the worst of the economic crisis has passed.

At the same time, there are many companies at risk for not implementing talent or innovation strategies required to seize the opportunities presented by a recovering economy. Here are highlights from the study:

• The worst may be behind us. For the first time since this study was launched in January 2009, more surveyed executives now believe the worst of the economic downturn is over, as opposed to impending, by a decisive 31 percent to 7 percent margin.

• Reducing headcount is secondary to training and retention as a top talent priority.

• Less than half (48 percent) of surveyed executives reported layoffs in the last quarter, down from 61 percent in May.
Surveyed executives are ramping up retention initiatives to keep key leaders and high-potential employees on board.

• Nearly one-in-three executives surveyed (31 percent) reported they are increasing career path opportunities—a jump of 11 percent from January (20 percent).
 

So what are you doing to keep your most talented producers in the game? 

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