August 23, 2005 |
Posted By Diane Pfadenhauer |
Attracting and Keeping Employees
According to a World at Work Survey which was reported in Workforce Online, retention bonuses topped the list of programs used by employers to retain employees. They surveyed over 2700 companies and here are some of the stats:
- Sign on/Hiring Bonus - 64%
- Employee Referral Bonus - 63%
- Market/Base Salary Adjustments - 60%
- Individual Spot Bonus - 43%
- Stay Bonus - 30%
- Stock Option Programs - 25%
Workforce Online also reported the top reasons for job cuts in July (according to Challenger Gray & Christmas):
- Reorganization - 31,699 job cuts
- No Clear Reason - 15, 771 job cuts
- Fluctuating Demand/Sales - 12, 798
- Acquisition/Merger - 10, 311
- Closing - 10,004
- Cost Cutting - 9,687
