Acccording to the Bureau of Labor Statistics, employee quits climbed in August while hiring and new job requisitions remained elevated. This is the second highest number of quits since the recession. There were 2.98 million workers who voluntarily left their job in August, which is believed to be due to employee confidence. Economists also believe this is a sign of optimism mixed with growth in consumer spending. Employees feel like they have plenty of job options now that companies are in a hiring frenzy.
It is extremely difficult to hire employees in today's job market. The job market has continued to tighten, the skills gap is widening, and holding on to your top employees is of utmost importance. Companies in the Greater Philadelphia Area are facing high competition, as their employees are being solicited for new positions via social platforms at an alarming rate. With that being said, it is more crucial than ever to hold on to your biggest assets - your employees! Reduce any temptation for your employees to look elsewhere for employment by creating and providing the best work experience imaginable.