Higher outside salary offers are the major problem encountered by large corporations in retaining blacks as managers and professionals, according to chief personnel executives at Fortune 500 companies.
Participating in a survey conducted by the international executive search firm of Heidrick and Struggles, 47 percent of the personnel chiefs cited better offers by other organizations as their major retention problem. One-third of the participants reported paying premium salaries to attract blacks, and 6 in 10 said the most significant problem in recruiting blacks for executive positions is the scarcity of candidates with appropriate education and/or experience.
