Majority of Professionals Believe Employee Turnover will Increase in 2022, says Korn Ferry Survey
Filling open positions will continue to be a challenge in 2022 as turnover will likely increase, it's what global organizational consulting firm Korn Ferry concludes from their survey with 1,128 professionals developed in mid-September 2021.
More than half of respondents (63%) say the pandemic has made it more difficult to fill open positions and that they (55%) expect employee turnover to increase in 2022, with 43% of people finding that the labor shortage is having a negative impact on their company's operations.
Nearly half of these professionals (45%) say it is hard to fill positions now because they can't find qualified talent/skills. While finding new talent is so difficult, retaining them is also a challenge. The top reason employees are leaving is that they are re-evaluating their priorities amid the pandemic (30%), followed by a lack of a clear advancement path (24%) and better pay and benefits (23%).
About 20% of respondents said the top way their company is addressing the labor and skill shortage is by relying heavily on contingent/gig workers.
Shiftfillers is currently supporting several large employers on their high volume staffing strategies, creating recruiting models that both facilitate hiring and improve the overall quality of the process with automation. Clients can find hourly workers faster than ever with real-time technology that also makes life easier for employees, a true win-win.
The COVID-19 pandemic is giving people the chance to examine every aspect of their lives and reassess priorities, likewise companies can reevaluate their workforce management strategies. It's a critical time for organizations to gain a competitive advantage by adopting the latest technology to tackle this uncertain and more demanding job market.
If you're interested in knowing how Shiftfillers can help your business transition to an on-demand workforce model, get in touch with us today!
The original survey document is available here.