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| Most US execs willing to retain top performers |
| Press Trust of India / New York Apr 01, 2010, 13:41 IST |
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A majority of American executives are willing to take measures like granting promotions or raising salaries of their top performing employees to retain them, says a study.
According to the report by online job service provider Accountemps, a whopping 76 per cent of executives are willing to take steps to avoid losing out on their best employees when economic conditions improve.
About half of the 1,400 chief financial officers (CFOs) surveyed said they plan to promote top performers once the economy recovers, while 48 per cent plan to give hikes.
"Indispensable workers who helped businesses stay afloat during tough times will have new career options as conditions improve," Accountemps Chairman Max Messmer said.
"Employers need to make retention of top performers a high priority or risk losing these key players and, possibly, their competitive advantage," Messmer added.
Moreover, 41 per cent of the respondents are in favour of increasing investment in professional development and 32 per cent consider enhancing benefits. In addition, 26 per cent employers are planning to reinstate or increase bonuses.
However, only about a fourth of the CFOs surveyed are not planning to take any steps to retain their top performers. The study was conducted among more than 1,400 CFOs of US companies with 20 or more employees.
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