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Corporations predict talent loss

25 August 2009

Successful corporations are reporting major concerns about retaining high-potential talent in the coming year, according to the results of a new survey.

The business advisory firm Deloitte has published its Employee Value Propositions report, which discovered that 65 per cent of the executives questioned are anxious about losing critical senior-level employees to other organisations.

In addition, the research found that more than half of business leaders expect voluntary turnover among their senior executives to increase at the end of the recession.

This growing number of vacant positions could lead to an increase in demand for interim management specialists, who have the skills and experience to occupy board positions for short periods of time.

Geoff Taylor, senior partner at Deloitte, explained that companies need to engage with employees that generate "value and organisational strength".

He told thebusinessdesk.com: "As with previous recessions, any upturn in the economy will unleash pent-up demand by employees acting on their desire to move on.

"Companies really need to be thinking about this."

The Interim Management Association claimed earlier this month that transitional executives provide businesses with value for money, despite their high costs.


Categories: Board & CEO

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