5 tips for boosting employee retention during a tight labor market

by Norman L. Paul, Jr., J.D., SWBC BusinessHUB

Chances are, your organization is currently looking to fill open positions—but we all know that work doesn’t stop coming in just because you don’t have the employees needed to handle it. As the Great Resignation shows no signs of slowing anytime soon, retaining your current team members is more critical than ever.

Consider the following statistics:

  • Nearly 4.3 million people quit their jobs in January 2022. This follows a record-setting 2021, in which almost 48 million people quit their jobs.
  • Job resignations are still up 23% above pre-pandemic levels.

 

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