Employment Index Improves as Companies View Growing Stability

March 26, 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 percent reporting they plan to add new employees this year and another 31 percent plan to remain at their current levels. Only 19 percent indicated they plan staff reductions in 2013. This and many other findings were released today by TalentKeepers in it's 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 percent in 2010 down to 21 percent for 2013,” said Christopher Mulligan, TalentKeepers' CEO. “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.”

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