ployers are more and more frequently vying for the same candidates. The tight labor market is likely to play increasingly important factors in why some companies are losing their top talent. The current economic situation has created an increase in the amount of employment opportunities and companies are trying everything to woo employees away from their competitors.It is predicted that the job market this year will be the best this decade. Governmental efforts to reduce the budget deficit have led to a reduction in interest rates, which allows business to grow. The U.S. has also grown more competitive in the international business community, which also contributes to an increase in job opportunities. The renewal of the economy has increased some firms sense of national confidence and when businesses feel more confident of the economic future, they are more likely to expand and hire more employees.Although a good economy has some effects on a companys ability to retain staff there are other factors. Some employees are jumping ship because their needs are not being met. The lack of challenging and stimulating work, fair pay, the tools and resources needed to do their jobs, recognition for work well done and involvement in the decisions that impact their day to day lives at work, factor into their decision to leave an employer. However some employers have found that meeting the basic need of employees is not enough. When it comes to motivating and retaining employees, organizations are finding that they must become increasingly innovative, by offering a number of creative incentives, benefits and services that are designed to make employees' lives easier and more stress free - at work and at home. Some employees leave their employers because the skills they possess are in demand, they may be lured away by higher pay, better benefits, or better job growth potential. In this case, a company must take a close look at their organization a...
