When the number of available jobs exceed job seekers, employees who aren’t happy look for employment elsewhere.
The U.S. labor market is now the strongest it has been in decades, with the ratio of unemployed Americans to open jobs now at 1.4 to 1. In July 2009, this ratio was a whopping 6.6 to 1.
A shrinking pool of qualified candidates in 2017 will drive greater reliance on recruiting from already employed candidates. As a result, HR leaders are reexamining their retention strategies.
Engage2Excel recently completed groundbreaking research on the impact of engagement on talent acquisition. Over the next few months, we’ll be releasing a series of reports and insights based on this study.Read More