Strategies to Attract and Retain Talent in 2022’s Tight Labor Market

The relationship between employer and employee has changed dramatically over the course of the pandemic. Companies now have to work harder and be more mindful to attract and retain top talent. 

Here are some strategies for attracting and retaining your top talent:

Remote work flexibility

A recent Ceridian “Pulse of Talent” report, which surveyed 1,404 U.S. workers in companies revealed that salary, job stability and benefits are the most important to today’s employees. But workforce flexibility, including remote work and flexible hours, has also become a steadfast priority for workers everywhere. The challenge for companies will be to craft the right policies for themselves and their workers and to provide technology that supports a fluid and borderless workforce.

Focus on mental wellness

The “Pulse of Talent” report found that 87% of U.S. workers have experienced burnout, with 44% reporting high or extreme levels. To ease mental wellness challenges, employees say the top three things they want are mental health days (46%), flexible schedules to adjust workflows (39%) and additional mental health benefits (31%). Such benefits show employees that the company cares for their wellbeing and want to help avoid burnout at all costs. 

Opportunities for growth

The Great Resignation has gotten everyone’s attention. One quarter of U.S. workers are currently seeking a new job, with another 36% saying they would consider leaving for the right opportunity. Nearly half of those reported looking for new employment said it was because they wanted better compensation including higher salary and benefits. Companies that have successfully launched reskilling programs shared that they felt more prepared to address future skill gaps. As businesses prioritize a skills-based focus for both hiring and existing talent development, they have a great opportunity to leverage the talent that’s already in-house to build the infrastructure to support continuous growth.

 

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