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Retention of Key Talent and the Role of Rewards
WorldatWork
June 20, 2012
"[T]he foremost challenge for management today is how to retain its key talent. Turnover is costly and directly impacts business performance, particularly during an economic recovery.... [R]ewards professionals will be under increased pressure to make counteroffers, increase new-hire offers, make more frequent exceptions to rewards policies and programs, and offer special deals to retain key employees.... [The authors] surveyed rewards professionals to learn what strategies they are using to retain key talent and to learn how effectively these strategies are working."
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