Employers Fret Over Talent Shortage

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Employers Fret Over Talent Shortage

March 25, 2008 2:31 PM

Recruiting and keeping talent is currently the biggest challenge for employers, according to the 14th annual Top Five Total Rewards Priorities survey conducted by Deloitte Consulting LLP and the International Society of Certified Employee Benefit Specialists (ISCEBS). Almost 75 percent of the 413 HR professionals who participated believe talent is the greatest concern, and 71 percent claim that reigning in health care costs makes the top five list. While only two percent of HR respondents consider the cost of providing retirement benefits to employees a challenge for their company, 42 percent of employees worry about the ability to afford retirement and health care post-retirement. "This disconnect between what employees need or want and what employers are doing in the area of total rewards can be detrimental to the financial performance of an organization, especially as talent challenges become increasingly acute," explains Philip A. Grisafi, CEBS and 2008 ISCEBS president.

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