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Best Practices

How to Hang onto Your Top Talent

6 steps for improving employees’ job satisfaction and reducing turnover within the finance or risk management function.

By Paul McDonald | Updated on January 23, 2018

Although management would like to keep star players on the team for as long as possible—ideally, forever—employee turnover is a fact of life. This is especially true in risk-related roles, where experience is invaluable and replacements are hard to find.

The question is: Are finance executives doing enough to retain their best people? A Robert Half Finance & Accounting survey released last year suggests that they may not be. Among the workers polled, 42 percent said they were likely to look for a new job over the next 12 months. This figure is even higher for employees under 35, with 68 percent of those respondents considering a change within the year.

And if your top employees want to land a new job, they most likely will succeed. According to the Robert Half 2018 Accounting and Finance Salary Guide, there are plenty of opportunities in the risk and compliance field. Salaries are also up for controllers and treasury analysts.

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