Dive Brief:
- Increasing hiring and turnover levels show no signs of abating, according to two recent major surveys.
- The Willis Towers Watson Global Talent Management and Rewards Survey, found that more than half of 441 American employers (57%) say hiring activity has increased over the past 12 months and only 14% said it decreased. Also, more than twice as many employers said turnover has picked up over the past 12 months (37%) versus those who indicated it had dropped off (16%).
- The second survey, Willis Towers Watson's Global Workforce Study, checked the pulse of 31,000 employees worldwide (3,105 from the U.S.) and found job security is the second-most frequently cited reason employees to join an employer and the third-most frequently cited reason they would leave.
Dive Insight:
Bottom line, the constantly shifting workplace, the economy and new technology is disrupting jobs and labor markets, which means employers, and HR leaders, are under even more pressure to to successfully attract and retain the best employees. The Willis Towers Watson research, if you dig into it, reveals that workers want to work for employers that offer fair pay, career advancement opportunities and job security. Interestingly, the numbers show that while employers generally understand those priorities, they don't ranks those critical factors in their talent management strategies on the same level as workers surveyed.