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How to Keep Your Best Executives

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Tue Oct 27 2009

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Determined to retain your most talented executives? Well, here's some counterintuitive advice: The best way to keep them from leaving is to prepare them to do just that.

In tough economic times like these, retention becomes less of a priority for many companies as they focus on more-immediate business concerns. But companies that neglect this issue during a downturn may be in for a nasty surprise just as things start looking up: Historically, there is a significant increase in the number of executives leaving their companies as market conditions improve and more job opportunities open up.

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That's why it's crucial that companies get serious about retention now. And that means giving executives opportunities to take on greater responsibility, broaden their skills and cultivate a network of relationships with their peers. These are the things that executives we have surveyed consistently say they want most from their jobs.

Read the full article.

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