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(8/16) The Hot Labor Market Continues. Don’t Let Great Hires Slip By

By Joanne Kaldy / August 15, 2022

People are changing jobs and looking for new opportunities, so now is your chance to attract the best and the brightest. A new survey suggests way employers are making the most of the hot labor market:

  • 50% of employees who are currently working remotely say they’ll look for another job if they were required to make a full-time return to the office. If you can offer remote or hybrid opportunities, you can appeal to these workers.
  • Over half (55%) of employers report using raising starting salaries as a strategy for enticing skilled workers, and 44% say they’re prioritizing sign-on bonuses.
  • 65% of workers say they plan to start job hunting before year’s end and that they’re looking to make more money.
  • 57% of employers say they’re helping employees hone leadership skills, and 39% are expanding professional development opportunities.

Talent is in demand, so you need to be aggressive if you want to compete. Move quickly – reach out to good candidates promptly and don’t let too much time to drag on between interviews or before you tender an offer.

Read the full article.

 

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Publisher: CC Andrews
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Editor: Joanne Kaldy

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