Why culture matters—and how to help yours thrive
With unemployment at a 43-year low, it’s a seller’s market for talent. Money goes just so far, especially among younger superstars. Here’s how to be a magnet for top performers.
Employee retention is rising as employers grow increasingly reluctant to lay off workers in a strong labor market.
We seem, at long last, to have recovered from the 2008 economic crash that pushed unemployment rates above Great Depression-era levels.
The U.S. Labor Department recently reported that unemployment claims hit a 43-year low.
It’s a job seeker’s market, and companies have to adapt quickly to keep the talent they have, not to mention work harder to recruit new talent at a time when applicants are spoiled for choice.
It’s the main reason that the tenor of the employee engagement conversation has evolved from emphasizing retention to emphasizing company culture.
Culture basics
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