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Over the past four years, Engage2Excel has been conducting the Job Seeker Survey Report, which analyzes the perceptions and preferences of active and passive candidates across all major industries. With our data collection, we divided the report into two eBooks, one focusing on Recruitment and the other on Recognition.

Recognition programs have numerous benefits for an organization, like fostering a positive working environment, boosting morale and improving overall productivity. According to our , 18% of people seek employment elsewhere due to a lack of Recognition, Appreciation and Respect.

The U.S. economy added 187,000 jobs in July, below expectations but a slight gain from the downwardly revised June number of +185,000. The labor market continues to cool but remains strong, with more job opportunities than candidates looking for work. With a strong labor market, stable unemployment, and wage gains outpacing inflation, many economists now think the U.S. may see a soft landing and avoid the recession that has been looming for more than a year. The market remains resilient against challenges, including 11 Federal Reserve interest rate hikes to reduce inflation.

In the post-pandemic work environment, early attrition has become a problem that many organizations struggle to address. Record low unemployment, changes in work attitudes and expectations, and the high cost of replacing people who quit have made retention strategy a high priority for HR leaders.