Dive Brief:
- This week, The Execu|Search Group, published its 2017 Hiring Outlook, a survey of over 1,000 job seekers, working people and hiring managers shedding light on where the job market stands this year. This guide also reveals why it's getting harder to hire — and easier to lose — good employees, providing tips for reducing these problems.
- Of the more notable findings in this report, some 50% of employees plan to stay with their organizations for two years or less. 75% of employers said their hiring process takes about three weeks, but candidates queried in the report think the process should take less time.
- Other tidbits include the top four reasons employees leave, which include lack of advancement, poor salary growth, a negative work-life balance and unsatisfactory corporate culture. The survey also indicates that "76% of millennials think professional development opportunities are one of the most important elements of company culture."
Dive Insight:
The report shows that companies still have work to do when it comes to attracting and retaining good people.
The time it takes to hire one employee is generally too long, especially given the state of the job market now with a lot of competition for top talent and not enough people to go around. Automation can help make hiring more streamlined.
Of course, it's up to employers to create a positive workplace culture, offering plenty of room for learning and career advancement, with merit rewards and salary increases that are in line with employee goals.
