Learning. Empathy. Advancement. Purpose (LEAP). The key to retaining employees, especially in times of low unemployment, lies in building a company culture based on these four words. Low unemployment means that employees are in the driver's seat, choosing the jobs they want and jumping ship for better opportunities when they come along. Job openings are plentiful and employees have a lot of choice in front of them.
It's a great situation for employees, but what does it mean for businesses? Retaining your top talent has become more difficult and more important than ever. Filling a vacant role by an employee who jumps ship can cost up to 150x that employee' annual salary to find, onboard, and get new talent up to speed.
To hold onto your employees, your business needs to LEAP. Take a look at our infographic to get a breakdown on how to get started.
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The role of opportunity marketplaces in improving employee engagement
From the employee-employer disconnect that’s arisen from widespread remote and hybrid working to trends like ‘the great resignation’ and ‘quiet quitting’ impacting employee satisfaction — it’s certainly been a bumpy ride for the workforce, globally.
Leading the next generation of employees
As labour markets strive to rebound from the impact of the pandemic, a historic talent shortage has emerged. Three out of every four companies globally have reported talent shortages and difficulty hiring – a 16-year high. Compounding this is “The Great Resignation”, driven by Gen Zs and millennials’ changing priorities, in many cases fuelled by the conditions of the lockdowns.