Talent management threats & opportunities amidst The Great Resignation

As organizations struggle to retain their most valuable asset—their people—in the second year of the pandemic, it’s become clear that people strategy is everyone’s responsibility; it doesn’t just belong to HR, but also to the CEO and the C-suite. It has also become more important than ever to involve leaders at all levels in your credit union’s talent management efforts.

The Great Wake-Up Call

In a webinar on Wednesday, Matthew Bidwell, Ph.D., reflected on 21st century workforce trends. Bidwell, associate professor of management at The Wharton School, University of Pennsylvania, noted that people have been saying for years that employees leave their jobs more often than they used to—but in actuality, before the pandemic, the number of people quitting their jobs peaked in 1999.

Now, he reported, “job openings have gone through the roof. They’ve gone up by over 50% versus pre-pandemic.”

 

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