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Why Now Is the Time to Invest in People

September 3, 2020

Via: HR Hero

You could say that many companies failed to focus on the right things during the Great Recession of 2008–09, as the unemployment rolls swelled and the jobs market seemed to favor employers, not jobseekers. Employers mistakenly took for granted their position of strength during the economic downturn and struggled to deploy strategies to retain certain skilled employees. And by 2010, few employers had a retention plan.

Meanwhile, employees cited a lack of career growth as the top reason they would leave a job (27%), right after concerns over job security (36%), according to a report by Deloitte.

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