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          Finally! The trick to securing greater T&E compliance
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          5 Tough-to-spot signs that an invoice is fake
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          Handling Nonexempt Employee Pay: Stay Compliant and Avoid DOL Audits
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Loyalty slipping: Top performers more likely to jump ship

Jared Bilski
by Jared Bilski
November 6, 2009
1 minute read
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Between tanking retirement plans and company belt-tightening, it’s been a rough year for many employees — and it’s top performers who are taking it the hardest.

While the engagement levels of all workers have dropped by 9% over the past year, it’s top performers who are the most dissatisfied with their current situation. These employees have experienced a 25% drop in loyalty and motivation.

These findings are courtesy of a recent Watson Wyatt survey.

What’s worse: These employees are 14% less likely to stay with their current employer once the market improves.

Combine these findings with other research that says most workers are planning to ask for a raise once the economy recovers, and it’s clear that employers have to take action soon.

Here are two strategies to help retain valued staffers:

  1. Make retention efforts transparent. Most employers do everything they possibly can to retain top talent. Where they fall short: making sure employees are aware of all of their retention efforts.
  2. Talk out salary decisions with staffers. If raises, bonuses, etc., aren’t an option right now, show employees why — and be as honest and detailed as possible in your explanation.

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CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.

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