Remove 2008 Remove Benefits Remove Retention
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Small Businesses Attracting Talent with Better Benefits, Study Says

Recruiting Daily Advisor

Larger organizations have already been using the lure of better benefits to attract candidates. A new study shows that small businesses are joining the fray of the talent war by rolling out the best benefits they can muster. Benefits Boost Employees’ Financial Security. juststock / iStock / Getty Images Plus.

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The October Jobs Report: Why You Need A Focused Approach to Hiring Talent 

Hireology

With a national unemployment rate of 6.9%, we continue to inch closer to pre-pandemic levels of employment, and have made it back to the level of unemployment that we saw two to three years after the 2008 recession. Even during times of record high unemployment, companies experience retention challenges, and business impacts can be severe.

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The Hidden Workplace Problem: The Financial Stress of Living Paycheck to Paycheck

Recruiting Daily

Many of them graduated college in a challenging job market created by the 2008 financial crisis, and the pandemic caused the second recession of their adult lifetime in addition to a subsequent housing crisis. An effective financial wellness benefit, EWA helps employers support their employees’ financial wellness.

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How Predictions of a Recession Impact Talent Strategy

Slayton Search Partners

experienced in 2008. Some of the reasons behind the smaller work force are mostly COVID-related including: slower population growth (fueled in part by higher death rates), increased dependent care needs, higher unemployment benefits, and decreased attraction to low-paying jobs (due to inflation).

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The Surprising Reason the Majority of Employees Are Ready to Quit Their Jobs

Recruiting Daily Advisor

According to Gallup’s State of the American Workplace report , higher employee engagement translates to 24% greater worker retention, 21% higher profitability, and 17% more productivity. 85% of employees consider effective communication an “employee benefit.”. How Did We Get Here? Russ Fradin is the CEO of Dynamic Signal.

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Retirements vs Quits: Getting to the Bottom of the Great Resignation

Slayton Search Partners

But the sore truth is that millions of employees continue to re-evaluate their careers and seek new opportunities, leaving employers to redefine their retention initiatives. The topic of employee retention quickly took center stage, while wages rose ever higher against the landscape of an increasingly competitive talent market.

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The contingent workforce is about to skyrocket — here’s what you need to know

Eightfold

We saw the first signs of this change after the 2008 recession when participating in the gig economy became very popular. Tell us about current retention rates. Retention has been a major issue for talent leaders. Employers also value the flexible, cost-effective, and viable talent pool they can tap into.

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