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Addressing the Recruitment and Retention Challenges of Today's Small and Mid-Sized Organizations: How to Attract and Retain Talented Employees
MAY 2017
Effective talent management remains elusive for many organizations as they struggle with retaining employees, finding qualified job candidates and using talent management technology. Talent management challenges facing smaller organizations can differ from those of large and enterprise employers. This report focuses on smaller organizations with fewer than 999 employees. Learn why most employers of smaller organizations struggle to attract the right talent, why mentoring and succession planning programs are not widely adopted, and why relatively few have talent management systems. The survey was conducted between November 2016 and January 2017 by over 340 HR professional participants working in organizations with 999 or fewer employees.
HIGHLIGHTS FROM THE RESEARCH:
We asked participants if attracting candidates was an issue. As the graph below illustrates, the answer is that it is indeed a challenge for about half, with only a little more than a third saying it wasn't.
Where are organizations suffering the most retention pain? Judging from the survey results, the answer is clearly in the area of entry-level jobs.
Our research also suggests that organizations using these practices tend to have fewer employee retention problems. When organizations use mentoring, the percentage of survey participants who say that they have "retention issues" drops by six percentage points. Similar findings are apparent with the succession planning data.
The rate of adoption is fairly even by organization size until we view the largest cohort of employers in the survey sample—those with 500–999 employees. At this size, a slight majority use talent management systems.
To learn much more about the survey results and to get the key strategic takeaways from the research, read the complete report:
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