Survey of Financial Sector Finds Concern over Staff Retention

About The Authors

29th August 2012 16:10 - Professional Services

A survey by recruitment company Robert Half has shown that despite the poor economy which includes the job market, CFOs and finance directors are concerned about retaining key staff.

In total, two thirds (66%) of respondents claimed they were very or somewhat concerned about losing top performers to other job opportunities over the next year.

Publicly listed companies were found to be the most worried about staff migrations at 73%, compared to 64% of those in the private sector and 60% of public sector employers.

The figures for large company executives stand at 74%, while 64% of medium sized firms and 63% of small companies were worried about retention of top workers.

In addition, more than one in three finance managers (36%) believe that between 9% and 20% of their new mid-level finance and accounting staff would leave their company within the first year, compared to the traditional retention expectation of an average of 4 years.

The study also revealed that part of this trend is down to the hiring stage, since 32% of new employees leave their job due to feeling unable to meet their employer’s expectations. This is compared to only one in 10 (9%) who quit for higher salaries. 

Sign up for free insights from your sector…

Support Us...

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article...

For updated Professional Services insights please follow us on @DJS_ProfService or use our RSS feed

Other Professional Services Research Findings

Other Latest Market Research Insights

© DJS Research 2021