The labor market is in the middle of a seismic shift. A lack of qualified workers has complicated the hiring process. This, in turn, has put increased pressure on retention. In the new economy, you’ll see increasing value from investing in your current workforce rather than seeking outside talent. The main driver behind this strategy… Read more »
Posts Tagged: retention
Should Childcare Be Added to Your Employee Benefits Package?
Given the tight labor market that has emerged in the post-pandemic era, you need to take every step possible to appeal to top candidates. That includes working parents attempting to regain their career footing following COVID disruptions. To better position yourself for these candidates, should you add childcare to your employee benefits package? These programs… Read more »
Improve Your Employee Retention Strategy for 2022
As the year starts, 2022 looks like it will experience a complicated labor market. Companies are still scrambling for workers and facing the prospect of higher wages. You need to do everything you can to keep your best employees happy. The current economic conditions put a premium on retention. But are you doing enough to… Read more »
Keep Your Employees Right Where They Are With These Retention Tips
Building the perfect team requires great hiring and exceptional management. But those aspects are only part of the equation. It’s also crucial to invest in retention so that you can keep your best employees right where they are. Losing workers is expensive. One data set showed that an hourly worker costs between $4,000 and $7,000… Read more »