Research: To Retain Employees, Promote Them Before the Job Market Heats Up

For a 2d, let’s flash relieve to 2020: a twelve months when disruptions triggered by the Covid-19 pandemic forced many companies to freeze hiring or lay off staff, constructing a labor market in which these hunting for work far outstripped initiating positions. One twelve months later, as the pandemic eased and the economy reopened, companies found themselves in the reverse trouble, struggling to compile an extra of initiating roles. This financial shift helped catapult the Good Resignation, a duration lasting from 2021 to 2023 when properly over 100 million U.S. staff, discovering the market of their want, stop their jobs, occasionally in pursuit of better salaries or better advantages.