Dive Brief:
- What business issues are growing the most among CEOs? At least in New York State, the biggest issues concern human resources, according to the Times-Union in Albany
- Citing research from the Siena College Research Institute and the Business Council of New York State, the Times-Union reports that in only two years, HR concerns have gone from 2% to 13%, making HR 's stress level the largest of 15 categories listed since 2013.
- One main HR concern is the illness or death of a key employee; another is recruiting because the area has a low unemployment rate. One employer in the article added they are focusing more on retention by adding "incentives and career ladders" for employees.
Dive Insight:
While the article talks about the HR situation in a limited geographical area, it serves as a prime example of how HR has become a critical business concern as fighting for talent has become a central part of business growth.
Both attracting and retaining talent, along with having a strong talent pipeline should something happen abruptly (and unexpectedly), are no longer luxuries. They are table stakes for employers of all sizes and locations.