[NOT WORKING OUT] Employers preparing for “epic talent war” in 2022
Nearly nine in 10 (89%) respondents said recruiting and hiring will be either "somewhat" or "very" challenging for their HR function in 2022, followed by employee retention (79%), workforce planning (67%), and vaccine mandates (66%).
The new data—which represents a 23% jump in recruiting and hiring concerns, compared with last year—comes from XpertHR's Survey of HR Challenges for 2022, published December 27. 2021.
To counter the challenges, the survey reveals that employers:
- Plan to increase salaries and hourly wages for incoming workers (60%) and for existing employees (66%);
- Expect to increase flexible work options, such as hybrid, fully remote or flexible hours for new hires (48%) and existing staff (44%); and
- Will increase advertising around job vacancies (44%).
Employee retention tactics also include providing opportunities to develop employees' careers within their roles (e.g., certifications, trainings) and increasing employee engagement initiatives, both of which were cited by 53% of respondents.
"These recruitment and retention efforts are natural next steps and are consistent with what we've seen from employers eager to overcome the labor shortage," Amanda Czepiel, Head of Content at XpertHR. explained. She cited XpertHR's Salary Budget Survey 2022, released in November 2021, which projected a median salary budget increase of 3.0% across all three employee groups covered by the survey: exempt; nonexempt; and officers/executives. In that survey, nearly eight in 10 (79%) organizations cited recruitment/retention as an upward pressure on total salary budgets for the coming year.
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