Managing talent in a turbulent economy: Keeping your team intact
A special report on talent retention.
Keeping Your Team Intact: A Special Report on Talent Retention—part of an ongoing longitudinal survey by Deloitte—compares the results of an August 2009 survey of employees at large enterprises worldwide with a May 2009 survey of international corporate leaders. The May survey revealed that many top executives and talent managers are already charging ahead with new workforce plans, identifying potential retention barriers and adopting new strategies to keep their core workforces together.
This special report reveals a number of critical disparities between what employees reported they want and what surveyed executives think employees want. These differences suggest that many companies should reevaluate the turnover intentions of their key employees and revise the retention tactics they employ to keep top talent on the job. Among the key findings and the related conclusions we have made:
- Companies may struggle to keep their teams intact, as they risk losing many of their most valued employees when the global economy recovers. Nearly half (49%)
of employees surveyed in August are either looking for a new job or plan to do so after the recession ends.
- A “tale of two mindsets” exists between employee desires and employer priorities. Corporate leaders and employees who participated in these surveys share little agreement when it comes to understanding which
key employees are leaving, why they want to leave, and what it would take to keep them. Executives who believe they know what their employees want may need to rethink their assumptions.
For further information, download our latest publication 'Managing talent in a turbulent economy: Part four'. (PDF,455 KB)