2008 Compensation Hiring 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.
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.
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Recruiting Daily Advisor
NOVEMBER 17, 2022
This phenomenon has left employers scrambling to hold onto employees as the remaining workforce has taken advantage of its newfound labor market leverage to look for more attractive jobs and greater compensation. No matter the channel, open communication is the piece that builds employee trust and retention.”. A Looming Recession.
Rally Recruitment Marketing
MAY 9, 2020
This plan should involve ongoing communications that provide information and guidance for your various audience groups, including employees, recruiters, hiring partners, candidates and customers. At RallyFwd, she shared her story of going through the recession back in 2008 while working at Robert Half.
Workable
JANUARY 13, 2022
All this changed with the explosion of the Internet and the 2008 global financial crisis. This storytelling requires finding a way for a candidate to virtually experience the employment brand and that could be via a wide range of channels including hiring manager videos, employee videos, reputation sites, and so on.”.
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.
Visier - Talent Acquisition
JUNE 16, 2020
These are the employee lifecycle activities from hiring to retention, as well as organizational effectiveness activities from optimizing planning to optimizing productivity. . Reducing turnover by retaining new hires, top performers, managers, and other key roles, saving as much as $15 million. organizations by 19%.
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