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Mid-tier firms face retention/recruitment challenges

Retaining and recruiting top quality employees continues to bedevil American businesses.

By Dan Cook | Updated on December 17, 2014
(Aynsley Floyd/AP Images for U.S. Chamber of Commerce Foundation)

Retaining and recruiting top quality employees continues to bedevil American businesses. Apart from growing their businesses and turning a profit, more than half of small to mid-sized companies surveyed by TAG Employer Services cited finding and keeping top performers as their greatest challenge in the year ahead.

However, while the survey revealed the importance placed on recruitment and retention by the 400-plus executives of these mid-tier employers, two other challenges loomed large: cost control and reduction, and compliance with government regulations. Unlike major corporations, these smaller players don’t have the staff firepower to address compliance and cost management, and the survey highlighted their concerns in these areas.

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Dan Cook

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.

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