The fourth conclusive find on the recent Fisher Phillips workforce shortage survey states that 60% employers responded they lost their employees to more attractive jobs, hence 75% have recently increased pay to cover their losses and retain the workforce.
Other wide range of measures applied to keep employees engaged include:
Applying different hiring practices (expanding pool, reducing experience requirements, adding referral bonuses, new sources, etc.) – 38%
Augmenting HR to expedite recruiting and hiring – 29%
Offering mental health support and/or EAP – 24%
Increasing workplace safety measures – 23%
Auditing employee satisfaction – 21%
The study also found that while 35% considered family care responsibilities a cause for the labor shortage, only 4% have tried to create better opportunities to mitigate that. Even with 21% workforce retired, only 3% of employers have tried to reach them for reemployment.
As an alternative to hiring and churning employees, some companies have gone towards outsourcing. Find out how here.