Employers may be set to lose an advantage they have held for years — the fear of job security. As optimism about the prospects of the job market grows, The Washington Post says experts expect the retention of highly skilled workers to become a growing headache.
The recession generated concerns about employment — or fear of being among the masses of unemployed — and kept many people anchored to their jobs.
Companies, having the upper hand, were not exactly pressed to thrill or excite their workers. Instead, businesses had much leeway to prioritize their operations and budgets. In doing so, many cut costs that whittled away perks and benefits. They were tight-fisted with raises, and in choosing to downsize, they often handed remaining employees a longer list of responsibilities.
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Employees grew discontent with their working conditions and many yearned to be in more fulfilling positions. Now that the economy appears to be on a sustainable track to recovery, an increasing number are seizing the opportunity to make a move, The Post reports.
In a survey conducted by human resources firm Towers Watson, more than a third of participating businesses reported an increase in turnovers in 2012, and 40 percent reported difficulty retaining staff members with critical skills, according to The Post.
Human resource experts are expecting these numbers, and thus the problems for employers, to grow in 2013. To help slow the exodus of skilled labor, many employers are now starting to realize that they must shift their focus back to their employees.
A survey from Kelly Services last summer revealed that two-thirds of the global workforce planned to look for work with a different employer within a year and only 44 percent felts valued by their employer, according to CNBC.
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