Is Higher Turnover Around the Corner?

With unemployment at 9.5%, the war for talent may not be on many employers’ minds.  But the pendulum may soon swing the other way.

In July, Newsweek reported that 54% of employed Americans plan to look for a job when the recession ends.  The percentage is even higher for 18-29 yr. olds  with 71% saying they want to make a change.

History teaches us that trends in the job market shift every few years. In the 90′s tech talent was in demand.  Post-911 the bubble burst and the market favored employers.  By June 2003, the tide had turned and there was a shortage of talent in most fields. 2007 – well you know what happened.  Reports from many sources indicate that the economy is recovering and we are on the way out of the current recession.  What are you doing now to engage and retain your employees?

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