Insights from Gallagher
Employers are focused on developing a strongly attached workforce with key markers of health, productivity and labor cost balance. They’re also fortifying their retention efforts not only to ride out economic waves, but also to steer momentum toward business growth.
Retention and attraction are once again the dominant priorities for HR and operations. In 2023, as employers channel this focus into improving the employee experience, they realize they face an unavoidable challenge. That is, above-market salaries are no longer sustainable as a primary solution for continuing turnover and labor shortages.
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