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News & Features

Worker shortage

READER RESOURCES
Related stories:
To blog or not to blog
• Worker shortage
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Multimedia:
Work choices, Capital One workers have choice of work mode.
READER REACTION

Virginia Business
April 2006

As millions of retiring baby boomers begin to exit the job market, and the United States shifts from a skills-based to a knowledge-based economy, some companies are struggling to fill positions. One problem: a disconnect between employers and employees on what attracts and retains workers.

A national work force study by the Florida-based Spherion Corp. showed big gaps on such issues as compensation and the importance of flexible work schedules. In fact, the 2005 survey concluded that many companies are not well positioned to draw top talent.

The chart below highlights what workers and employers rank as “very important” when asked about drivers of retention. For more information on the study, click here.

EMPLOYER VIEW
1. Management climate (80%)
2. Supervisor relationship (80%)
3. Culture & work environment (65%)
4. Benefits (61%)
5. Growth & earning potential (58%)
6. Training & development (54%)
7. Financial compensation (49%)
8. Time & flexibility (35%)

WORKER VIEW
1. Financial compensation (69%)
2. Benefits (68%)
3. Growth & earning potential (64%)
4. Time & flexibility (60%)
5. Management climate (60%)
6. Supervisor relationship (57%)
7. Culture & work environment (54%)
8. Training & development (49%)

 


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