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Wednesday, 16 May 2012

Talent retention 'is being neglected'

Companies across the UK are failing to put measures in place to keep hold of their best workers and, as a result, risk losing top talent, a new report has found.

Research carried out by Vodafone shows that, when it comes to business continuity planning, UK businesses are much better prepared for technology and environmental risks than they are for the risk of losing good workers.

The results were the key finding of a new report entitled What if …? Exploring Attitudes Towards Risk, which interviewed 615 UK senior managers and revealed gaps in their retention strategies.

In spite of the growing need to attract and retain the best talent, only 29 per cent of UK managers say employee defection to another firm is a significant concern.

The report found that one in five employees are reported to be actively considering a job move in the next twelve months, but managers are instead more concerned about IT systems failures (59 per cent) and fire and flood damage (36 per cent).

Commenting on the report, Peter Kelly, enterprise director at Vodafone UK, said it shows that businesses should place a greater emphasis on identifying and managing talent risk as part of a business continuity management strategy.

"This is not only best practice but it will contribute to business excellence - essential in such a tough economic climate. It is imperative that businesses are better prepared than ever," he explained.

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Posted by Richard EsquilantADNFCR-1617-ID-801364636-ADNFCR

Source: The Sales Director News

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