Magazine article Workforce Management

Companies Struggle to Stop Shooting Stars: Survey

Magazine article Workforce Management

Companies Struggle to Stop Shooting Stars: Survey

Article excerpt

Most companies can identify their top performers and are able to woo stars away from other firms. But keeping them from leaving remains a vexing problem.

Those are key conclusions of an informal survey of 91 human resources professionals by Sibson Consulting, an HR advisory firm based in New York. The survey was taken in July during Sibson's participation in a recent conference on awards and recognition.

Eighty-six percent of companies report being able to identify star performers and nearly all companies express concern about losing their best employees. Conversely, just 58 percent are interested in retaining everyone in their workforce, suggesting companies have become more discriminating in their retention efforts.

Yet, there is a disconnection between desire and reality: Just 76 percent of organizations surveyed say they are successful at retaining star talent yet stubbornly high unemployment has lulled companies into believing they no longer need to be aggressive in recruiting and retention, says Jim Kochanski, a senior vice president at Sibson.

Star performers are always in high demand, even during an economic downturn, Kochanski says. …

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