Strategy

Amidst Gangbusters Job Market, Employers Must Do More to Attract, Retain Talent

An unprecedented labor situation necessitates an innovative approach to hiring. Being data-driven and developing talent strategies are among the ways employers can succeed.

February 7, 2022

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Amidst Gangbusters Job Market, Employers Must Do More to Attract, Retain Talent

Amidst Gangbusters Job Market, Employers Must Do More to Attract, Retain Talent

The U.S. economy added

467,000 jobs

in January and estimates for November and December 2021 were revised to add 700,000 more jobs than previously expected. This is a sign that the labor market is recovering from the tsunami of the global pandemic, but it also means there are plenty of unfilled jobs and a war for talent, says a hiring expert. “The small and medium sized enterprises, the ones with less brand recognition and less attractiveness, feel frustration more than other industries, like manufacturing, for example, or other sectors that are providing good paying consistent jobs, but…

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