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Attraction & Retention Newsletter - Q4 2023

Attraction and Retention Newsletter Q4 2023

The Attraction and Retention newsletter provides valuable insights into the employment market each quarter. It includes statistics on the current job landscape, expert tips for securing top talent and innovative strategies for attracting and retaining workers.

The fourth quarter edition explores:

  • the easing labor market;
  • employee wellness as a recruitment factor;
  • winning over Generation Z; and
  • a workplace outlook.

This July marked the U.S. economy’s lowest number of job openings since 2021, decreasing to 8.8 million. While the employment rate rose from 3.5% to 3.8% in the same month, a large labor supply helped ease the tight labor market. However, all eyes are on the Fed as another possible rate hike could disrupt what seems to be a resilient market.

Employers should take note of this and continue to monitor employment trends in quarter four. Employers should also consider investing time in retention strategies to stay competitive. Download your copy of Attraction and Retention to learn about the main areas you need to evaluate to strengthen your organization for 2024 and beyond.

For more information about employee benefits, our services and products, contact HANYS Benefit Services by email or call 800.388.1963.

This is not intended to be exhaustive nor should any discussion or opinions be construed as professional advice. © 2023 Zywave, Inc. All rights reserved. 

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