How important is employee retention? Is it a more significant business driver than cost control? Read the article about the MetLife study that says “keeping key workers happy, challenged and motivated is becoming more important to U.S businesses than controlling costs.”

The 5th annual MetLife Study of Employee Benefits Trends highlights this important challenge: “the need to recruit and retain the best talent in an increasingly competitive labor market.”

Interestingly, the study found retaining employees is the most important benefits objective of employers.

Employee retention was described as important by more than half of employers with retailers (62%) and services (59%) coming in higher on retention.

However theindustryradar.com reports that Salary.com found pay and title rather than benefits as the prime motivators for retention.

At Taleo, we take a more holistic view. We see the symptoms, but instead focus on transforming your culture to improve retention rates by enabling workforce mobility. Keep employees looking internally at opportunities within your organization and you will improve your employee retention rates. Use this approach to retention and win your war for talent.

You can also read about the Four Factors to Watch in the War for Talent and keep in touch with industry trends when you subscribe to TalentTalk.