It’s no secret we are living in a job seeker’s market. With unemployment at a 16-year low, the risk of employees considering other job opportunities is high. In fact, the ADP Workforce Vitality Report found that job switching in the U.S. during the 3rd quarter of 2017 was 27%– an all-time high. Additionally, nearly two-thirds of the global workforce is actively or passively seeking new job opportunities, according to the ADP Research Institute’s study, The Evolution of Work 2.0.
HR and business leaders see this firsthand as they fight to keep innovative, eager talent engaged and on their teams and are leveraging their people data to improve the hiring and talent retention process. How? Benchmarking.
