Companies Are Paying Up to Retain Top Employees

As the job market heats up, employers are growing more and more worried about holding on to their best employees, a new study finds.

Research from PayScale Inc., a provider of cloud compensation data and software, discovered an increasing concern across businesses of all sizes about their ability to retain top-performing employees as a result of the increasingly competitive talent market. The results suggest that regardless of size and industry, talent retention has become a top priority for business leaders.

Specifically, retention was listed as a top business concern by nearly 60% of the companies surveyed, up from just 28% in 2009. Read more...