The battle for top talent isn’t over. While employee quits declined in 2024, studies suggest turnover could surge in 2025, with 38% of employees considering a job change. To stay ahead, organizations must adapt to these key trends.  [I Want the Trends Now]   The workforce trends that will shape 2025  1. Unemployment rates above 4%  A slowing job market may shift leverage back to employers, but competition for skilled talent remains fierce.  2. AI and automation in the workplace  As artificial intelligence reshapes jobs, companies must invest in upskilling to attract and retain a future-ready workforce.  3. Demand for GLP-1 weight loss drugs  With more employees factoring GLP-1 coverage into job decisions, employers must weigh the financial impact of adding these medications to benefits packages.  4. Return-to-office push  Companies are tightening in-office mandates, but balancing flexibility with business needs remains critical to retent...

As the labor market continues to slow, it’s anticipated that organizations will have difficulty attracting and retaining talent—leaving employers more eager than ever to tangibly incorporate successful talent strategies. Read the latest edition of the Attraction & Retention newsletter to get key employer takeaways on:  the slowing labor market;  using employee benefits as a workplace retention factor;  supporting working parents during the 2024-2025 school year; and   a Q4 2024 workplace outlook.  Get your labor market recap today. You can also review the Q3 2024 Attraction & Retention newsletter, which details employee retention statistics and best practices as well as how to attract millennial talent.  If you’d like more information regarding the newsletter and our services, contact our team of experts today ! We’re here to answer any questions surrounding your employee benefits and retirement plan efforts.   This is not intend...

The job market remains strong and competitive in quarter three.  Read the latest edition of the Attraction & Retention newsletter  to get key employer takeaways on:  the rebalancing labor market;  employee retention statistics and best practices; and  top tips on attracting millennial talent.  Get a full picture of the workplace outlook  and download your edition today!   If you’d like more information regarding the newsletter and our services,  contact our team of experts today ! We’re here to answer any questions surrounding your  employee benefits  and  retirement plan  efforts.  This is not intended to be exhaustive, nor should any discussion or opinions be construed as professional advice. © 2024 Zywave, Inc. All rights reserved. 

Last year’s challenging labor market continues to impact employers across all sectors in 2024. Organizations are still struggling to find and keep workers, as the U.S. economy added 275,000 jobs in February.   As competition to attract talent fiercens, all eyes are on innovative talent strategies that meet today’s workforce needs and make sense for organizations. Read the latest edition of the Attraction & Retention newsletter to gain expert updates on:  meeting demands with voluntary benefits ;  university and college recruiting season; and   key workplace outlook data, including primary job gains and unemployment rate.  Download your copy now and get the top labor trends and methods to secure talent. If you'd like more information regarding TruePlan and our services, contact our team today ! We’ll take the time to examine your current employee benefits and find the best solutions for your needs.  This is not intended to be exhaustive, no...

Employee engagement and retention are pivotal in every sector, but they carry even more weight in the not-for-profit space, where resources are often limited. High turnover can be both costly and disruptive, impacting productivity and damaging morale. In an era of workforce evolution, to effectively retain their top talent, organizations must explore innovative employee retention strategies that go beyond conventional methods.  Engaged employees are distinguished by their higher productivity, motivation and loyalty, and they are more likely to stay with a company for the long term. Gallup recently updated its research article, The Benefits of Employee Engagement , finding that "low engagement teams typically endure turnover rates that are 18% to 43% higher than highly engaged teams."  In addition to turnover, disengaged employees negatively impact a company's financial health, with turnover costs averaging six to nine months of the departed employee's salary, accordin...

The start of quarter one has been advantageous to employers. Read the latest edition of the Attraction & Retention newsletter to gain expert insight on: how the cooling job market could help employers; proactive tips to prevent employee challenges during colder months; and early-career and entry-level programs to consider. You’ll want to download your copy now to stay ahead of workplace trends before quarter 2 begins . For more information regarding the newsletter and our services, don’t hesitate to contact our team of experts today ! We’re here to answer any questions surrounding your employee benefits and retirement plan efforts. This is not intended to be exhaustive, nor should any discussion or opinions be construed as professional advice. © 2024 Zywave, Inc. All rights reserved.

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  Attrac...

Attraction and Retention: stay up to date on trends, challenges and tips Each quarter, the  Attraction and Retention  newsletter offers statistics about the employment market, suggestions on securing top talent and insight to attract and retain workers. The  third quarter edition  explores: current labor market trends; how to use mentorship to bolster employee retention; and pay transparency. Since retention plummeted in 2022, employers continue to find themselves needing help attracting and retaining talent in this tight labor market. However, not all labor challenges are equal across all industries or positions. For example, finance and insurance industry job openings are increasing while nondurable goods manufacturing show a downward trend. To navigate today’s work environment, it’s more crucial than ever that employers stay up to date on the current employment landscape and the needs and desires of workers. Download your copy  of  Attraction and R...

Mentoring in the workplace is often an overlooked strategy to attract and retain top talent. Over the years, it’s becoming clearer that employers who promote and facilitate strong mentorships may experience improved employee retention, morale and engagement. In this article, you’ll learn about workplace mentorship and how to get started. 3 Statistics that Enforce the Importance of Mentorship Before we take a deep dive into mentorship, you may be wondering, “Why do I need a workplace mentorship program?” We’ve gathered three key statistics that identify the importance of creating a mentorship program at work. According to a study from the University of Phoenix, more than half of employees are looking for a new job or expect to be looking for a new job in the next six months. A LinkedIn Workforce study found that 94% of employees would stay at their jobs longer if their employers invested in their career development. According to a study from consulting firm Randstad, employees are 49% ...

Each quarter, the  Attraction and Retention newsletter offers statistics about the employment market, suggestions on securing top talent and insight to attract and retain workers. The  second quarter edition explores: the labor, attraction and retention challenges expected in 2023; how to build an employee value proposition; and how to use skills-based hiring. Employers are increasingly recognizing and responding to a competitive labor market with strategies that attract top talent. As we move into the future of work, some industries may have more pronounced talent recruitment challenges than others. Corroborated by Willis Towers Watson research, 40% of businesses anticipate attraction difficulties in 2023 — significantly less than the 95% that faced similar challenges just one year earlier. To stay ahead in this race for skilled professionals, employers are exploring strategies such as competitive compensation, benefits to meet the needs of workers, pay transparency and...

Each quarter, the  Attraction and Retention Newsletter  offers statistics about the employment market, suggestions on securing top talent and insight to attract and retain workers. The fourth quarter edition explores: the competitive labor market as employers address high inflation; trending employee benefits that strengthen attraction and retention efforts; and university and college recruitment strategies. Current trends indicate that despite the inflow of more people entering the workforce, there is still a considerable shortage of workers for available positions. In addition, employee quits continue to trend higher than historical standards. While employers deal with the realities of high inflation rates, competitive compensation has become increasingly more important for workers. With market uncertainty though, many employers are exploring strategies to cut costs, including layoff options. Attraction and retention challenges remain and employers need to con...

  Each quarter, the Attraction and Retention Newsletter offers statistics about the employment market, suggestions on securing top talent and insight to attract and retain workers. The third quarter edition explores: employee quits remain high while job growth continues; attracting and retaining employees during the great reshuffle; and developing an employee retention strategy. Current trends indicate that while workers are available, the demand for talent remains high and employers continue to face challenges retaining employees. Many factors influence the high quit rate, including the ongoing pandemic, inflation and a strong market for candidates. While the labor market remains competitive, experts largely expect talent challenges to continue. As such, employers should monitor employment trends to stay informed on the evolving market. Download your copy of the newsletter today to stay up to date. For more information about  employee benefits, our services and products , ...