The L-Blast | September 2021
In this month’s L-Blast, we turn our attention to a topic that is quickly becoming top of mind for many companies and has gained quite a bit of media attention over the past few months. We are talking about a phenomenon we’ve come to know as The Great Resignation. What was a prediction by Anthony Klotz, Associate Professor at Texas A&M’s Mays Business School, is now becoming a harsh reality. The unprecedented amount of employee resignations is leaving employers desperate to fill key positions needed to operate their business.
The challenges of not only retaining current employees but attracting and recruiting skilled talent have been made more complex due to the profound effects of the pandemic. The shift in power employees now possess is putting a new spin on retention and recruitment efforts.
Below we share articles that will help organizations understand how they can deal with this issue, and what is necessary to ensure a successful strategy to attract and retain talent. We hope you find this information helpful and can draw from this guidance. As always, let us know if you have any questions regarding the topics covered in this L-Blast, or if you need help with your recruitment and retention strategies.
Recruiting & Retention Crunch
The effect of the 2020/2021 economy has wrecked recruiting and budget plans, causing a shifting of power. Specifically, the transition and pausing of business in the early months of the pandemic resulting in a precipitous decline across all sectors. The economy has rebounded, yet many businesses have not been able to find or retain the talent to fill their crucial positions.
READ MOREWho Is Driving the Great Resignation?
According to the U.S. Bureau of Labor Statistics, 4 million Americans quit their jobs in July 2021. Resignations peaked in April and have remained abnormally high for the last several months, with a record-breaking 10.9 million open jobs at the end of July. How can employers retain people in the face of this tidal wave of resignations?
The Biggest Truth Most Leaders Misunderstand About ‘the Great Resignation’
Want your employees to stick around? Flexibility is just the minimum.
If you’re an employer (or even just if you’ve just occasionally left the house lately), you probably don’t need statistics to convince you that America is in the midst of ‘the Great Resignation,’ but if you want official confirmation, it exists. READ MORERead More
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