FDs fear losing key staff

by Kevin Reed

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30 Aug 2012

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FINANCE DIRECTORS fear losing their key staff, according to a survey by Robert Half.

Two-thirds (66%) of 200 CFOs and FDs surveyed said they fear losing their top performers to other job opportunities. Public-listed company FDs were most concerned (73%), followed by 64% in the private sector. Public sector FDs were least concerned (60%).

A third of FDs believe that they lose up to a fifth of new finance and accounting employees within the first year, compared to an expectation that they will stay for an average of four years.

"Companies looking to retain top performers need to focus on areas that are most important to employees, such as work-life balance, career progression and training, said Phil Sheridan, managing director of Robert Half UK.

"Before your competitors have a chance to lure those workers away, you should look to ‘re-recruit' them. This means ‘selling' the company to highlight why it's unique to its competitors."

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