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Box 1354 St. Louis, MO 63188 Voice: 314-771-0200 Fax: 314-771-0300 To submit news, contact: editor@slfp.com To advertise, contact: advertising@slfp.com Nearly Three Fourths of Employees Polled are Job Hunting ST. LOUIS (PRNewswire), December 24, 2006 - More than 75 percent of employees are looking for new jobs, according to the 462 employees and 367 HR professionals surveyed in the 2006 U.S. Job Retention Poll released reently by the Society for Human Resource Management (SHRM) and The Wall Street Journal's CareerJournal.com. According to HR professionals, on average, 12 percent of their organizations' workforce had voluntarily resigned since the beginning of 2006. Non-management employees were the most likely to resign, according to 71 percent of the HR professionals surveyed. Seventy-three percent of HR professionals indicated that they were concerned about the voluntary resignations at their organizations. In an effort to retain employees, nearly 50 percent of the HR professionals reported that their organizations had implemented special retention processes. A greater proportion of organizations were implementing special retention processes in 2006 (49 percent) than in 2004 (35 percent). HR professionals have found that promoting qualified employees, offering competitive merit increases/salary adjustments, and providing career-development opportunities are among the best employee-retention strategies. Although salary increases often are perceived as the most valuable incentive for employees to stay with their current jobs, they also are among the most difficult to provide because although the economy is improving, organizations are still somewhat cautious to increase spending. "As the economy and job market continue to improve, employee retention poses a greater challenge for HR professionals," said Gail Griffin, general manager, CareerJournal.com. "The top three reasons people voluntarily leave their organizations are for better compensation elsewhere, career opportunity elsewhere, and dissatisfaction with the potential for career development." "Offering competitive salaries is important to employees, however, compensation alone is not sufficient for a complete retention strategy," said Susan R. Meisinger, SPHR, president and CEO of SHRM. "Career-development opportunities and work/life balance are also important, and employers must consider these types of benefits in their retention practices if they want to maintain or increase retention at their organizations." Employees and HR professionals agreed on the top reasons employees choose to leave their organizations: better compensation elsewhere (30 percent of employees, 40 percent of HR professionals); career opportunity elsewhere (27 percent of employees, 48 percent of HR professionals); and dissatisfaction with potential for career development (21 percent of employees, 29 percent of HR professionals). 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Maybe You Need A New 'Blueprint' for Growth Lack of Company Knowledge Biggest Interview Mistake Most Employers Report Plans to Increase Hiring in September Women-owned Firms Increase Nearly 20 Percent Be Prepared for Pre-Employment Testing More Women Choose Business Ownership to Gain Control, Flexibility and Family Time St. Louis Takes the Lead in Training Service Disabled Veterans in New Technologies Telecommuting Part-Time Is Ideal Work Situation    The Saint Louis Front Page is owned and maintained by the Moore Design Group for the sole purpose of disseminating news and information about the Metropolitan Saint Louis area. Text or graphics may not be copied, rewritten or distributed in any manner whatsoever without written permission. For more information, contact editor@slfp.com All rights reserved world wide © 1996 - 2008 Moore Design Group .