2008 Compensation Retention 
Hireology
NOVEMBER 11, 2020
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.
JazzHR
DECEMBER 3, 2018
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.
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Linkedin Talent Blog
DECEMBER 28, 2016
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.
Slayton Search Partners
JUNE 15, 2022
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.
Rally Recruitment Marketing
MAY 9, 2020
At RallyFwd, she shared her story of going through the recession back in 2008 while working at Robert Half. And while Chantell points out that compensation and stability may take priority for many candidates right now to ensure they have a livelihood, once the crisis is behind us, purpose will become important again.
Recruiting Daily
APRIL 11, 2022
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%
Glassdoor for Employers
OCTOBER 28, 2019
In fact, workers 55 and over accounted for 49% of all employment gains last year (Source: TLRanalytics, Comments on December Employment, 2019), and you’ll have to go back to the 2008 financial crisis to understand why. To stay afloat back then, companies removed layers of middle management from their workforce.
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