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Article: An employee retention strategy for all economics. (An Advertising Supplement: Staffing & Employee Benefits).
- Article from:
- Los Angeles Business Journal
- Article date:
- March 25, 2002
- Author:
CopyrightCOPYRIGHT 2002 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Recruiting, retaining and rewarding the right people are challenges employers face in any economic climate. Yet, all too often when the economy slows down, employers lose sight of the need to do whatever it takes to retain their best people.
Management usually knows who these people are. They are the ones producing, and sometimes pushing, more than anyone else, and keeping the company on track. These are the same people who shoulder the workload after layoffs and keep a positive attitude even when they are worried about their own jobs. Your competitors know who these people are, too, and may attempt to hire them away.
A strong retention strategy will ...