2008 Benefits Compensation Retention 
Hireology
NOVEMBER 11, 2020
With a national unemployment rate of 6.9%, we continue to inch closer to pre-pandemic levels of employment, and have made it back to the level of unemployment that we saw two to three years after the 2008 recession. Even during times of record high unemployment, companies experience retention challenges, and business impacts can be severe.
Slayton Search Partners
JUNE 15, 2022
But the sore truth is that millions of employees continue to re-evaluate their careers and seek new opportunities, leaving employers to redefine their retention initiatives. The topic of employee retention quickly took center stage, while wages rose ever higher against the landscape of an increasingly competitive talent market.
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Linkedin Talent Blog
DECEMBER 28, 2016
In a recent survey by Deloitte , 78% of business leaders ranked employee retention as important or urgent. Yet, earlier this year the Department of Labor reported that employee turnover is at its highest level since 2008. Cleary, employers retention efforts are failing. Unhappy with compensation. Issues with management.
Recruiting Daily
APRIL 11, 2022
Fast forward two years, with businesses now working hard to retain their staff and offer competitive benefits and wages as they face a trifecta of issues: the pandemic, inflation and unfulfilled jobs. Wage growth continues to run hot, with increases expected to continue into 2022, and at the highest levels since 2008’s Great Recession.
JazzHR
DECEMBER 3, 2018
Following raises in 2007 and 2008, the federal minimum wage hasn’t budged since 2009, when the government set the wage at $7.25 Employers that raise their wages before it’s legally mandated to do so can benefit from higher employee satisfaction and retention rates.
HRsoft
MARCH 19, 2018
This refers to the job’s market value, and its competitiveness in terms of geography, industry, organization, position, and recruitment/retention trends. After the recession in 2008, many organizations developed “hybrid jobs” and began creating positions around employees. Total “Non-Cash” Compensation. Internal Position Equity.
Recruiting Daily Advisor
FEBRUARY 11, 2022
The board now expects salary raise budgets for 2022 will be 3.9%, which would be the highest growth rate since 2008, according to SHRM researcher Stephen Miller. One compensation principle often misunderstood or overlooked is that pay is typically based on the going rate (i.e., Indexing Pay Structures. market rate) for particular work.
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