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LaborIQ reports that 4.3 million Americans quit their jobs in January 2022. Consequently, there were 11.3 million job openings the following month. The cause? Many believe the pandemic was the catalyst to what we’ll call the Great ReAssignment, as more people are hopping jobs as wages increase across industries. Workers have reassessed their work/life balance. […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 7, 2022
Is your talent pool drowning in student loan debt? Even prior to the pandemic, some employers had begun to offer student loan repayment programs as part of their overall compensation package. As the economy rebounds to more pre-pandemic norms, companies can expect this employee benefit to remain in high demand. Good for Employee Retention […]
Written by Rosie Greaves, LaborIQ Staff Writer on April 5, 2022
Retention rates in 2021 were frightening. In November, we witnessed what some now call the “Great Resignation,” when a record number of 4.4 million people left their jobs. But it didn’t stop there. A trend toward high staff attrition continued for the rest of the year. So much so that experts predict that 2022 may see […]
Written by Rosie Greaves, LaborIQ Staff Writer on March 2, 2022
We’ve all read the statistics about talent acquisition difficulties and employee quit rates reaching record levels in 2021. If you need a refresher, here’s a quick recap: In September and October 2021 alone, 3% and 2.8% of the workforce, respectively, quit their jobs In November 2021, there were 10.6 million job openings In response to these facts, […]
Written by Rosie Greaves, LaborIQ Staff Writer on February 2, 2022
The time for companies to think about upskilling and reskilling is … yesterday. Companies without a strategy to both upskill their current workforce and take advantage of newly skilled talent are likely to be left in the dust. Upskilling refers to teaching employees new skills so they can thrive in their current position; reskilling means […]
Written by Rosie Greaves, LaborIQ Staff Writer on February 2, 2022
