The No. 1 stressor for HR pros — who say they’re feeling less motivated compared to a year ago — is keeping top talent on board in a tough market, according to March 13 survey results from isolved.
Amid what isolved called costly sourcing and hiring, close to half of respondents said they do not believe the great resignation is over. The answer to this potential retention crisis may be upskilling, according to respondents; a whopping 98% of survey takers said upskilling their workforce is important, while 58% said their companies have a skills gap.
Retention is the name of the game, especially in an uncertain economy, isolved said. Despite talent concerns, 53% of leaders surveyed said they reduced their workforce in 2022 or plan to in 2023. That means keeping remaining employees happy — and ready to advance at work — will be key to success, the survey noted.
“Businesses always try to find the employees who are truly impacting the organization positively or have the potential to with the right people and programs,” said Amy Mosher, chief people officer at isolved. "When the job market fluctuates between abundance and scarcity almost weekly, developing driven people is a necessity.”
The increased pressure on HR professionals may lead employers to outsource more HR management tasks, however; benefit administration and employee-relation support are most likely to be outsourced, isolved said, especially as attention focuses on employee experience and development.