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Holding on to talent 'top of mind' for Australian employers in 2006: Hudson Report

February 3 2006 - Holding on to existing employees is the highest priority for Australian organisations in 2006, according to the latest results from The Hudson Report, released by Hudson, a leading recruitment, outsourcing and human resource consulting firm. The Hudson Report found that 39% of Australian employers identified 'Staff Development and Retention' as their organisation's leading priority for the year.as the battle for suitably qualified workers intensifies.

Based on a survey of 8,693 employers across Australia, the report indicates that a further 23% considered 'Attracting Suitable Staff' as their highest HR priority for this year. This was followed by 'Enhancing Performance and Productivity', highlighted by 21% of respondents.

Anne Hatton, CEO of Hudson Australia/New Zealand, said that as the talent pool in Australia continues to shrink, there is more pressure than ever to hold on to strong performers.

"Organisations need to get on the front foot and look at more sophisticated ways to track, manage and develop their existing talent. They could otherwise face significant costs in staff losses at a time when they just cannot afford to let this happen," Anne Hatton said.

The results also show that 'Attracting Suitable Staff' has overtaken 'Enhancing Performance and Productivity' as the second highest priority for employers this year, when compared with 2005 priorities.

"As the skills shortage gets worse, and businesses undertake more proactive employee retention strategies, sourcing suitably qualified and experienced staff will be more challenging," said Hatton.

"Smart employers will reap the benefits of a diverse workforce, including part-time workers, return-to-work parents or the mature age population, but will need to ensure the right policies and practices are in place to accommodate these workers," Hatton added.

The Hudson Report

Based on nationwide research, The Hudson Report uncovers and analyses the hiring expectations of Australian employers over the coming quarter, and provides insights into a range of topical human resource issues impacting business. Results from the Q1 2006 Hudson Report were gathered through 8,693 surveys conducted by Hudson recruitment and consulting professionals. The Employment Expectations component of the Hudson Report was previously known as the Job Index Survey. Copies of The Hudson Report are available at www.hudson.com


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