From the December-January 2011 issue of Treasury & Risk magazine

Keeping Top Talent A Worry

As companies worldwide anticipate a reviving economy in the year ahead, the ability to attract and retain skilled workers is seen as a problem that could interfere with their ability to grow, according to 700 companies surveyed by HR consultancy Towers Perrin.

Fifty-one percent of the companies say losing employees in key areas could present an obstacle to growth, while 49% cite concerns about succession planning and 38% say they're worried about whether they'll be able to attract the talent that they need.

In North America, the emphasis is a bit different: Only 37% of companies say they're worried about losing talent, while 44% cite employee disengagement as an obstacle, vs. just 30% of companies worldwide.

As they consider how to deal with workforce challenges, 79% of companies worldwide say they are putting more emphasis on performance management and incentive programs, and 70% say they're working on their HR department's governance and risk management.

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