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The Josh Bersin Company
Recruiting And Retention In Crisis. How Do We Build Trust, The Most Benefit Of All?
Jan 30, 2022
In a challenging labor market, attracting and retaining talent requires more than just financial incentives. Companies must invest in employees and restore societal trust amid economic uncertainties. Trust plays a pivotal role in business success, with contrasting levels observed globally. Organizations need to showcase their purpose and values to engage both employees and customers effectively. It's a call for corporate responsibility in rebuilding trust while navigating the evolving dynamics of worker power.
16:50
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Quick takeaways
- To effectively attract and retain talent, businesses must offer competitive salaries, flexible work conditions, and robust career development opportunities.
- Building trust is essential for organizations, which involves addressing social issues and fostering a culture of ethics and employee engagement.
Deep dives
Shifting Dynamics of Labor Markets
The current labor market is experiencing significant changes, with companies facing heightened challenges in hiring and retention. As wages rise and the demand for skilled workers increases, employers are forced to consider various strategies to attract and retain talent. This includes offering competitive pay, flexible work conditions, improved benefits, and enhanced career development opportunities. Ultimately, the balance of power is shifting towards workers, emphasizing the importance of investing more in labor to foster growth within companies.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode