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Some companies have adopted a wait-and-see approach, closely monitoring the evolving workforce landscape to ensure they can still attract and retain top talent in a competitive job market.”

Flexible scheduling and hybrid work models are increasingly important to retain new hires.; ;At 14.6%, health and family concerns remain a top reason for early attrition and highlights the need for comprehensive benefits that address personal needs.; ;The increase in involuntary turnover, from 6.7% in 2022 to 9.3% in 2024, signals challenges in hiring, onboarding or performance management processes.; “Compensation and career development are generally the leading reasons employees start job hunting,” said Hannah Yardley, the chief people and culture officer at Achievers, an employee experience and recognition platform.

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Participants noted future-ready organizations will need to create more transparent and skills-based career ecosystems to retain talent.

Good labor relations are critical to recruiting and retaining talent, maintaining a decent level of moral, teamwork, communications, innovation and productivity.”

“Pay equity can be the missing puzzle piece employers need in order to attract candidates and retain top talent,” she said.

“Similarly, if an employer can only retain foreign remote workers willing to work hours that are incongruent with the operating hours of their foreign headquarters, reaching the foreign remote worker during off hours will become an issue,” he said.

.; In our post-COVID-19-pandemic world, employee expectations and priorities have undergone a seismic shift, creating an even more daunting challenge of attracting, retaining and motivating top talent while managing rising labor costs.

; ;Many organizations offer FSAs and HSAs to attract and retain talent and many employees expect these types of accounts to be available to them.