Employee retention 'more important'

Retaining key employees is more important in an economic downturn than in a robust economy, according to a survey released by Personnel Decisions International (PDI), a global leadership consulting firm.

In August, PDI surveyed 530 human resources professionals and other business leaders in 34 countries in North America, Europe, the Middle East, Africa and the Asia-Pacific. The report examine how organizations are approaching retention in the current economy and what tactics are the most successful.

According to the report, more than 90 percent of those surveyed said they were more concerned about employee retention during difficult economic times.