Tackle Turnover by Tapping Untapped Talent
To close the gap, McKinsey and Company says employers should try to win back nontraditional workers in different ways. But how? Aaron DeSmet, Senior Partner at McKinsey said, “Even when employers successfully woo workers from rivals, they are just reshuffling talent and contributing to wage escalation while failing to solve the underlying structural imbalance. It turns out that many workers we have surveyed want more than the usual compensation and job advancement carrots.”
With the pandemic pushing more people to reevaluate what they want from a job—and from life—it has created a large pool of talent who are shunning the traditionalist path. DeSmet said employers should continue to value their traditional employees, but they also need to look beyond them to the workers who want flexible arrangements. “These people are out there, in greater numbers than before, and they can be tapped with the right strategies,” he said.
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