Remove 2008 Remove Compensation Remove Retention
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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.

Report 148
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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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5 Things You Should Do to Get Your Employees to Stay Longer

Linkedin Talent Blog

In a recent survey by Deloitte , 78% of business leaders ranked employee retention as important or urgent. Yet, earlier this year the Department of Labor reported that employee turnover is at its highest level since 2008. Cleary, employers retention efforts are failing. Unhappy with compensation. Issues with management.

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The Evolution of Retirement: From Pensions to 401(k)s and What It Means for Employee Retention

Recruiting Daily Advisor

Finding, recruiting, and retaining that talent is consequently extremely important as well, and businesses have many strategies aimed at retention, from creating diverse and inclusive workspaces to tenure-based bonuses and advancement schemes. But what ever happened to the ultimate corporate retention tool—the mighty pension?

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Wages, Employee Retention and Benefits Align to Create Recruitment’s “Perfect Storm”

Recruiting Daily

Wage growth continues to run hot, with increases expected to continue into 2022, and at the highest levels since 2008’s Great Recession. Start-up companies, for instance, have been offering equity at an increasing rate to boost their compensation packages and reduce attrition. In total, wages and salaries increased 4.5%

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Raising the (Minimum Wage) Bar

JazzHR

Following raises in 2007 and 2008, the federal minimum wage hasn’t budged since 2009, when the government set the wage at $7.25 Employers that raise their wages before it’s legally mandated to do so can benefit from higher employee satisfaction and retention rates.

JazzHR 24
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Is salary transparency key to a Gen Z friendly Employer Brand?

Hireserve

Over on TikTok there a whole genre of videos with millions of total views where creators interview passersby in public about what they do for a living, what they earn, and if they feel they are compensated fairly. Many of them remember how the 2008 global recession impacted their parents and the world around them.