The Labor Market Is Tight Despite High Unemployment

For employers, the facts are that workers are hard to find. Retention of current employees must be high priority, not so much for the HR department but for the line managers whose jobs require that they get the work completed. Dick Finnegan, the Stay Interview expert, writes, “The greatest reasons why employees quit is what they talk about over dinner.” Even those of us who love hard data must acknowledge this, which reinforces the old adage that people don’t quit jobs, they quit bosses. And it is those bosses they talk about over dinner.

Employee retention should rise to the top of every business leader’s to-do list. The problem won’t ease as the pandemic fades away and the economy improves. Companies dependent on employees must train their managers to be better bosses, to keep the vital workers they have now.

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