Message to CEOs: Do More to Keep Your Key Employees

Chief executives should act now to prevent defections of key employees next year, says veteran management adviser Ram Charan.

Some companies already are bolstering their retention efforts despite the still-weak job market. Google Inc. will give all employees a 10% raise in January. But Mr. Charan says most employers aren’t doing enough, and face certain talent losses as the economy improves.

CEOs of major U.S. companies "do not really put even 15% of their time into the people-development equation, and that’s far less than needed,” Mr. Charan says.

The Wall Street Journal

By Joann S. Lublin

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