The labor market is a bit unpredictable at the
moment. Economists previously warned of a “Great
Resignation,” a time when employees were expected
to quit in record numbers and leave considerable
vacancies in the workforce. This actually happened
somewhat—according to the Bureau of Labor
Statistics (BLS), there were a record number of
resignations at the end of 2021. Although the
number of quits dropped at the beginning of 2022,
the employment market is back to experiencing
record-high quit rates.
This article explains how employers can focus their
attraction and retention efforts to capitalize on this
moment of worker fluidity.