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To Retain Workers,
Show Respect
With the national unemployment rate at
3.9 percent, the lowest in 30 years, coupled with the $35,000 average cost
of training new employees, U.S. firms are struggling to retain workers.
A new study that measured the attitudes
and experiences of 2,293 U.S. workers from businesses, government and
nonprofit organizations with more than 50 employees found:
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only three out of 10 employees feel an
obligation to stay with their current employers
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fewer than half (45 percent) of
respondents said they felt a strong personal attachment to their
organizations
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utility and public
administration/government workers were more likely (76 and 71 percent,
respectively) to stay with their companies than their counterparts in
business services (51 percent), retail trade (56 percent) and technology
(also 56 percent)
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intangible of "soft" aspects of
corporate culture--including low- or no-cost items such as praise and
recognition from the boss--had a stronger influence on their commitment
than salaries or bonuses
1999 Employee Relationship
Report Benchmark, conducted by Walker Information and the Hudson Institute |
