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Trade Publication Article
Focus on talent
2002
Overview
Unwanted employee turnover, despite the economic slowdown, is one of the biggest and most costly business problems companies face, and it remains pervasive and persistent. Recognize that the issue is not the almost numbing frequency of corporate layoffs reported in the news. No, the much bigger problem is the undesirable, unwanted, and voluntary attrition that companies experience when people they would prefer to stay instead quit to take another job elsewhere. Demographics are largely to blame. The US Bureau of Labor Statistics predicts that by the year 2006, two employees will leave the workforce for every one added. And those who are entering the workforce move often. The competition for talent is high, and it is only going to get worse.
