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Retention top concern among senior management

Two out of three members of senior management believe retention of key talent is a top concern, and 83 percent say it is very costly, according to the Retention of Key Talent and the Role of Reward study by WorldatWork; Hay Group; and Dow Scott, a professor of human resources...

By Amanda McGrory-Dixon | Updated on June 19, 2012

Two out of three members of senior management believe retention of key talent is a top concern, and 83 percent say it is very costly, according to the Retention of Key Talent and the Role of Reward study by WorldatWork; Hay Group; and Dow Scott, a professor of human resources at Loyola University Chicago.   

“Talent wars are going to become intense, not just this year but for at least a decade because jobs are becoming more complex and demanding, baby boomers are retiring and Generation X has far fewer people who can fill this gap, and other countries are retaining their most talented people with great job opportunities of their own,” Scott says.

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