Intricate issues often have the knack of generating further complex problems, often larger and trickier than the initial hiccup. The economic landscape is no exception. Consider the present economic climate. With recovery proceeding at a slow pace, companies are desperately seeking out talent, but their search strategies often leave much to be desired. [...]
The current employment market is dominated by talented job seekers. Top-notch candidates are in high demand. Organizations that can swiftly identify and recruit them will prosper in the face of an impending labor crisis. Although you cannot control the number of applicants, you can indeed control something very important—time. Time to carefully evaluate [...]
We all know the old saying that employees stay in a job because of good pay and perks. But recent studies have made us rethink this. In the wake of the event known as the Great Resignation, Mortensen and Edmondson (2023), in their Harvard Business Review article, have suggested that it's not just [...]
In the business world, companies often use material offerings - things like pay, flexible work options, office space, equipment, and other perks - to attract and keep employees. These offerings are easy to understand, quick to give out, and usually well-received by employees. Especially during The Great Resignation, when many people are changing [...]
The contemporary labor market is currently facing an intriguing phenomenon, widely referred to as "The Great Resignation". This term has been coined to describe the massive wave of employees voluntarily leaving their jobs, significantly affecting the workforce worldwide. As Mortensen and Edmondson explain in their Harvard Business Review article, "Rethink Your Employee Value [...]
We're halfway through the year, and it's worth remembering: saying "good job" goes a long way. A quick pat on the back can really lift spirits. But people often want something more concrete, too. Ask yourself: Do I have any reward systems in place? If I do, are they working? Are they fair? [...]
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