Retention rates are at an all-time low due to a post-pandemic shift in the talent landscape where over 40% of the global workforce is considering leaving their employer this year.
Inflation will likely keep prices above pre-Covid levels; however, while people seek higher wages, employers can take a total reward approach to win in the long run.
One strategy to implement for a total reward approach is to build an employee value proposition unique to your culture.
Read more to learn what your company’s total reward strategy could be and how to best navigate workforce strategy through a recession.
– Angela Harris, OneDigital, The North Carolina 100