Management ill-equipped to handle turnover: report

Retention is a key business issue but turnover rates are increasing across the United States
||Last Updated: 03/22/2006

As turnover rates across the United States continue to rise, retention of key talent is a major business priority for executives, a new report found.

Of the 391 firms interviewed, 73 per cent of them said that employee retention was either an extremely important or a very important business issue.

Employee turnover is a business problem, stated the report by employee retention research and solutions firm TalentKeepers, adding that stemming the loss of talented employees can no longer be viewed as the sole reponsibility of the human resources department.