Six months into a year in which businesses showed they are ready to grow and workers showed they are equally ready to trade up to a better job, the labor market tells an interesting story.
In the first half of 2022 hires are up, Great Resignation quits are up, and the number of job openings nationally sits at 11.5 million.
Nearly 80% of employed job seekers say they could make more money right now by switching jobs, and they’re not wrong: Job-switchers are getting significantly faster pay increases than people who stay in their jobs. Add to that, a projected 20% increase in turnover, and organizations are in for a tough second half of 2022.
Turnover is the challenge every employer needs to beat – for now.
Download the “Workforce Shortage: Solve for Labor Uncertainty by Predicting Turnover Pre-Hire” whitepaper and learn:
- What is behind the high turnover numbers,
- The cost high turnover has on your workforce, customers, and organization,
- What tools exist to help you predict and reduce turnover BEFORE extending a job offer, and
- A few strategies you can implement to effectively stabilize turnover and build up a qualified, diverse workforce.
Set your organization up for success in the back half of 2022. Learn how you can reduce turnover before you extend job offers.