Published on: Friday, March 23, 2012
Welcome Back, War for Talent?
That phrase hasn't been heard much since back in the day when the unemployment rate was under 5 percent and companies faced skills shortages. We're not quite there yet, but ExecuNet's research reveals that workers are restless and ready to move as soon as they feel the marketplace opening and more opportunities developing.
Executives who have stayed loyal to their organizations through the last few years have suffered through minimal compensation increases — and even pay cuts — but have been always been lured away for more money. If companies want to hold on to their top talent, this is the year that money is going to talk or executives will walk.
Robyn Greenspan is ExecuNet's Chief Content Officer, where she is responsible for setting and driving the editorial content engagement strategy across the private business network's publications and expert-led programming. She is also a Huffington Post blogger. You can follow her on Twitter @RobynGreenspan