How to Retain High Performers in a Hyper-Competitive Market By: Matthew Stollak on May 17, 2016.
In an era where baby boomers are retiring at a rate of 10,000 a day and the economy is rapidly reaching full employment, recruiting has never been more important. Not only is it critical to find the necessary talent to meet your organizational strategy, but retaining high performers may mean the difference between success and failure.
It’s a Job Seeker’s Market
Finding and retaining quality workers in our current labor market in is the biggest challenge organizations face right now. A CareerBuilder/Emsi study has shown that demand is far exceeding supply in a broad range of fields. With so many job vacancies open, employees — particularly millennials — are not hesitating to switch jobs. Eighty-three percent of new millennial parents, for example, are willing to change jobs for better benefits. The Affordable Care Act has also decoupled health…