Retaining the talent within companies is the number one challenge for senior HR managers in 2008, according to a survey by Taleo.

The survey found that other challenges are: recruiting the right staff (23%), attracting candidates (11%) and complying with new employment legislation (11%)

Additional challenges listed include: succession planning (10%); career development management (5%); cutting recruitment costs (4%); gaining boardroom support for HR (4%); and increasing the internal mobility of staff (2%).

The research found that the majority of respondents expect their budgets to remain the same (46%) or increase (33%) in 2008. Only a small percentage of respondents (21%) expect their budgets to decrease in the coming year.

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