Retaining Top Talent: Still Main Concern for Top Executives
A new study released yesterday by Robert Half International revealed that many top executives of the largest 1000 companies in the US, believe that retaining Top Talent is one of their biggest worries. According to this study, which interviewed 150 senior executives for the top 1000, 39% of the respondents indicated that this was their biggest concern and 22% indicated that hiring new employees was their largest concern. This study further bolsters the cause that companies of all sizes need to be expanding their telecommuting programs.
Already, thousands of organizations are turning to Remote Work as a way of retaining and attracting Top Talent. A deeper look into the benefits of Remote Work for the employees and employer reveals these reasons. First, when you remove the geographical boundaries of hiring, your talent pool suddenly grows to as large as possible. This means that you can truly find the best applicant possible, not just the best applicant within a 20 mile radius. Furthermore, when organizations allow Telecommuting or work from home, applications and interest for the position grow exponentially. Many applicants are willing to even take less in pay, just to be able to have that flexibility. This is a huge for companies now, who need more people, but may not have enough capital for the type of talent they would normally higher.
Second, study after study shows that employers who allow Remote Work have a much more dedicated workforce. This means that turnover becomes less of a problem. Take for example KPOnCall, a nurse triage call center recently featured in SHRM’s “Staffing Management” Winter 2008 issue. Through the development of their Remote Work program they reduced turnover from 23% down to 3%, and went from struggling to find nurses and applicants to sustain their 500-600% growth each year, to having a waiting list of 70 nurses currently.
Today’s employees are simply looking for more flexibility with their job. Many employees are willing to put in more work and dedication to the organization, but they are looking for the same in return.
Want to learn more? Contact me directly.
Brandon Dempsey
SuiteCommute
1-888-878-4832
Brandon@suitecommute.com
