Causes underlying the disruptive workforce trends in recent years continue to exert their influence, contributing to evolutionary change. Understanding the potential for progress that the change brings helps employers overcome talent management challenges and steadily build toward organizational goals.
Talent management continues to take center stage as employers struggle to attract and retain talent at all levels of their organizations. COVID-19 intensified the labor shortage , and has accelerated turnover for three years and counting — and most employers continue to see annual increases. In 2022, 51% experienced a rate of 15% or more in 2022, including 18% with turnover of 30% or higher.1
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