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MANY U.S. FIRMS LACK LONG-TERM TALENT STRATEGY; workforce planning.

Byline: Jessica Marquez

Despite the prolonged economic downturn, it seems most companies aren't giving much thought to protecting their talent if the economy continues to worsen.

One-third of U.S. companies do not have workforce contingency plans in place, according to a recent survey by Watson Wyatt Worldwide. Of those companies that say they have contingency plans in place, more than half say those plans center around layoffs, while an additional 46 percent say their plan is "to restructure their organizations.''

Few companies surveyed seem to be thinking of creative ways to protect key talent should the economy remain in a slump, says Laura Sejen, global ...

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