Laslo Fox’s Post

The labor market's landscape has shifted from the era of the "Great Resignation" to the emerging trend of the "Great Stay." iHire's 2024 Talent Retention Report sheds light on this transition, showcasing a decrease in turnover rates and a rising focus on work-life balance over mere paychecks. Surprisingly, almost half of employees are willing to trade salary for increased flexibility, signaling a significant shift in priorities that some employers have yet to fully grasp, still relying on conventional retention methods like salary bumps. In response to these evolving dynamics, businesses must adopt a fresh perspective when engaging with their workforce: - Emphasize cultural alignment and accommodate work-life preferences when making placements. - Steer clients towards adaptable, employee-centric retention approaches. - Offer robust post-placement assistance to ensure sustained success. How is your organization navigating the evolving labor market landscape amidst the shift towards the "Great Stay"? Read more about this trend shift and its implications for staffing firms: (https://lnkd.in/gaJ6ujU8)

Like the economy, the job market experienced volatility over the last few years. Quitting rates have dropped significantly since The Great Resignation. So how can employers use this time to their advantage and make sure employees are engaged and connected? Seismic Chief People Officer Linda Ho offers advice to business leaders: "Create an environment that is setting employees up to weather any cycle by taking the time to prioritize engagement and supporting their careers. Because employers that put in the work now and differentiate themselves early can and will shelter themselves from the impact of the next era, whatever that may be." Read more in Employee Benefit News:

Like the economy, the job market experienced volatility over the last few years. Quitting rates have dropped significantly since The Great Resignation. So how can employers use this time to their advantage and make sure employees are engaged and connected? Seismic Chief People Officer Linda Ho offers advice to business leaders: "Create an environment that is setting employees up to weather any cycle by taking the time to prioritize engagement and supporting their careers. Because employers that put in the work now and differentiate themselves early can and will shelter themselves from the impact of the next era, whatever that may be." Read more in Employee Benefit News:

Like the economy, the job market experienced volatility over the last few years. Quitting rates have dropped significantly since The Great Resignation. So how can employers use this time to their advantage and make sure employees are engaged and connected? Seismic Chief People Officer Linda Ho offers advice to business leaders: "Create an environment that is setting employees up to weather any cycle by taking the time to prioritize engagement and supporting their careers. Because employers that put in the work now and differentiate themselves early can and will shelter themselves from the impact of the next era, whatever that may be." Read more in Employee Benefit News:

#GenZ is reshaping the modern workforce. These value-driven digital natives seek more flexibility, better work/life balance, and non-traditional #employeebenefits. As Gen Z becomes a larger portion of the labor force, #employers must strategize to better understand these workers and deliver what they want in a job. 👉 Learn more about what this generation is looking for in a #career and how to strategically hire and retain them in our latest blog: https://ow.ly/N6GC50SWJAa #PEO #HR #HRoutsourcing #SMB

In today's dynamic job market, retaining top talent is more crucial than ever. Recent data indicates that 83% of workers plan to stay with their current employer, yet this stability is fragile, often driven by external uncertainties rather than increased job satisfaction. To strengthen employee retention, organisations should focus on: • Career Development Opportunities: Providing clear paths for growth and advancement. • Flexible Work Arrangements: Adapting to diverse work-life balance needs. • Competitive Compensation: Ensuring fair and motivating remuneration. By addressing these areas, companies can build a more engaged and committed workforce. Read more 👉 https://lnkd.in/em_EbXxC #TalentRetention #EmployeeEngagement #HRStrategies #LHH

Nurturing talent is essential for staying competitive in today's fast-paced world. Employees "expect" employers to guide them through uncertainties with upskilling and future readiness. Our recent study, 'The Great Potential: Global Workforce of the Future,' was featured in HR TODAY discussing the challenges in our workforce. To tackle future challenges, and ensure employee expectations are met: 1) invest in talent acquisition, 2) foster a vibrant culture, and 3) support career transitions. For deeper insight as to how employers can provide stability, engage their passive talent pool and improve retention read the article here 👉 https://lnkd.in/e9BZUYFv #WorkplaceTransformation #AssessingCulture #LHHLeadershipDevelopment

Staffing Hub reports on iHire’s 2024 Talent Retention Report finding “The Shift to the ‘Great Stay’ and What It Means for Staffing Firms.” In recent years, we have heard the term “Great Resignation,” especially as the pandemic ran its course with the global workforce. We are now seeing the complete opposite result in this past year: “voluntary quits decreased from 43% to 39% year over year.” You can learn more about this year’s talent report and what the Great Stay entails in the full article below! #staffingindustry #executivesearch #leadershipsearch #jobsinstaffing #theGreatStay

The employment landscape is shifting, and with it, the priorities of our workforce. While quit rates have been declining, our research shows employee favorability dropped to the lowest in 2.5 years in Q3 2023 - a significant 25% decrease from the peaks of The Great Resignation. 🤔 Why the drop? Although employees leave for more pay, a promotion, or better benefits, the top 3 reasons that push employees to leave are: • Career development • Fair pay • Recognition These issues aren’t new. It’s more crucial than ever for employers to take note. An engaged workforce is not only beneficial for employee success, but directly impacts business success.

In today's dynamic job market, retaining top talent is more crucial than ever. Recent data indicates that 83% of workers plan to stay with their current employer, yet this stability is fragile, often driven by external uncertainties rather than increased job satisfaction. To strengthen employee retention, organisations should focus on: • Career Development Opportunities: Providing clear paths for growth and advancement. • Flexible Work Arrangements: Adapting to diverse work-life balance needs. • Competitive Compensation: Ensuring fair and motivating remuneration. By addressing these areas, companies can build a more engaged and committed workforce. Read more 👉 https://lnkd.in/euYci2jr #TalentRetention #EmployeeEngagement #HRStrategies #LHH