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Current State of Recruiting and Retention

Written by Kailani Joy | Oct 26, 2022 4:15:00 PM

State of the Hiring Market

With 80% of employers saying there is a talent shortage and evolving socio-economic conditions - traditional recruiting and retention methods are now ineffective.

  • The war for talent
    The current market dynamic is causing businesses to constantly have to recruit, onboard and train resources – on repeat.
  • Industry agnostic
    Acquiring talent is a struggle across all industries. And the need for specialized skills as well as industry competition or crossover all influence the job market.
  • Skill vs. competition
    Factors like skill specialization and
    industry crossover vary by sector
and impact how employers need to
recruit and retain their employees.
  • Future of compensation
    As the workplace evolves, so should recruiting. And there is no reason compensation needs to remain a relic when employees desires, dreams, and ethics are all evolving.