In the past two years, which of the following has been a reason for employee departure?
• Limited opportunities for advancement – 55%
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• Inadequate salary and benefits – 50%
• Lack of recognition – 40%
• Looking for new challenges – 35%
• Unhappiness with management – 25%
Do you think the business climate is currently an employers’ market or an employees’ market?
• Employers’ – 78.7%
• Employees’ – 21.3%
In response to concern about maintaining your staff, has your company taken steps to combat potential employee defection?
• Yes – 45.5%
• No – 54.5%
Are you concerned about employee retention in the current economic climate?
• Yes – 14.3%
• No – 85.7%
The Providence Business News Executive Poll is a weekly survey of 70 business leaders throughout the state, representing small and large companies in a variety of industries.
