CHAPTER TWO
Why Talent Retention Is a Serious Problem
Talent retention is not a new issue. It is relevant today, and its importance will be even greater in the future. Some analysts believe that there may be twenty million jobs unfilled by the end of 2012. Others are projecting a shortfall of up to thirty million employees. For those individuals who believe that this issue may fade with slight economic downturns, consider this scenario. A blue-chip manufacturer announces 53,000 layoffs worldwide, a leading financial institution plans to shed 8,000 jobs, and a big-three automobile maker cuts 1,200 positions in a single plant. Given this situation, it appears that turnover might not be a problem. Digging a little deeper underscores the issue; ...
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