Employers can no longer retain top performers simply by promising stable employment. As the economy rebounds, employees seeing new opportunities are gearing up to change jobs. Workers took on greater responsibilities during the recession, often without receiving commensurate compensation increases. While this is not the sole reason for voluntary turnover, the resulting feelings of unrest and dissatisfaction are leading to an increase in both passive and active job seeking. Professionals are seeking competitive salaries and attractive benefits, with many eager to make up for lost ground when it comes to compensation.

What can businesses do to stem departures?

• Ensure compensation and benefits meet or exceed those offered by competitors.
• Make sure your top performers feel appreciated and are aware of their career potential with the company.
• Offer in-demand incentives. Research from Robert Half shows that perks are a cost-effective way to retain and attract highly skilled professionals. The most popular incentives are those that aid in career development, such as training, and give employees more control over their time (e.g., flexible schedules).