Why are businesses struggling to retain their employees

Despite a cost-of-living crisis, rampant inflation and news of sweeping tech layoffs, many businesses are still struggling to both recruit and retain employees. Whilst much noise has been made about the talent shortage, the retention of current employees often gets forgotten about in the mad dash to hire new talent. But this is a huge oversight.

As the recruitment landscape gradually shifts back towards a client-led market and businesses slow their hiring, you should be careful not to let your current employees slip away – replacing them could prove to be a costly and time-consuming endeavour, and that’s even before you consider the knock-on effects of a good employee leaving.

So why are workers leaving their jobs? And what can you do to stop them?

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