Employment Outlook Strengthens as Companies View Growing Stability

WINTER PARK, FL – March 22, 2013 – Improved optimism in the economy is helping bring needed stability to many organizations and is fueling positive trends in the labor market. Based on a detailed survey of 618 U.S. based firms representing every major industry, the outlook for employment growth shows steady improvement with 51% reporting they plan to add new employees this year and another 31% plan to remain at their current levels. Only 19% indicated they plan staff reductions in 2013. This and many other findings were released today by TalentKeepers in their 9th annual Employee Engagement and Turnover Trends Report, a national survey on key trends in employee retention, engagement and talent management practices.

“Over a four year period, companies reported a consistent decline in plans to downsize or reduce staff, from 43% in 2010 down to 21% for 2013,” said Christopher Mulligan, CEO of TalentKeepers. “Also, more companies are stabilizing major business strategies as well as human resources practices, such as compensation and benefits, showing less urgency to react to changes in the economy and a greater focus on executing current plans,” he added. For all reporting firms, 11% forecast “significant increases” in hiring for 2013.

This year’s report highlights the top 10% “Best in Class” organizations and how they engage and retain valued employees and help them excel in their roles. More organizations are treating employee engagement metrics as essential data to guide business growth and many now formally link talent engagement metrics to key performance indicators. The final report covers a wide range of talent management issues and will be available in early April.

About TalentKeepers
TalentKeepers(R) is a leader in employee engagement and retention strategies built on thirteen years of research. Our talent management solutions span the employee life cycle and engage executives, leaders, teams, and front line employees to engage and keep valued employees. TalentKeepers is one of the most trusted names in the talent management industry. Learn more at www.talentkeepers.com.

Press Contact:
Craig Taylor, 407-660-6041 x109