November 2, 2009
Survey: Retention Strategies During Uncertain Economic Conditions
– Mike Kesner, Deloitte Consulting
We just launched a survey on “Retention Strategies during Uncertain Economic Conditions” that we are using the survey to research what companies have done or expect to do to keep top talent as the economy shows signs of recovery. We know some boards are concerned that if the recovery is uneven, they may lose good people to industries that are coming out of the doldrums more rapidly. We address a number of possible techniques ranging from merit budgets, to option exchanges to more flexible work arrangements.
Last year, we got some great results, as companies indicated they were not likely to change incentive plan metrics or reprice stock options (taking “a deal is a deal” approach). I think boards need another reminder this year. We expect a number of companies will have merit budgets this year and will likely pay bonuses as means of retaining employees. Please take a moment to participate in the survey.