It’s difficult to remember the years before the pandemic—which collectively were coined by industry as the ‘Before Times.’ The COVID-19 pandemic then turned the world upside-down and as it recovered, The Great Resignation set in—causing disruption to companies throughout the globe.
Many experts agree that we are now in the Big Stay period—which is a sustained period of low attrition across industries. The Big Stay represents the fruits of The Great Resignation’s labors, where companies reevaluated their work models and shuffled to align more closely with employee needs. This shift toward listening and responding to worker expectations has fostered the creation of a more fulfilling work environment within organizations. Tensions around the world have also made the economic and political landscape turbulent; all of the uncertainty has caused workers to dig their heels in at their jobs and take a wait-and-see approach before making any long-term decisions about their careers. As a result, people are increasingly committed to their current roles, leading to a spike in retention rates.
The Big Stay is validated by LinkedIn global data which shows that attrition rates have dropped 26% year-over-year, and by even more since the height of the Great Resignation. Attrition rates fell faster for certain industries such as hospital/healthcare which dropped 31%. Data also indicates the vast majority of workers are currently experiencing higher job satisfaction and good work/life balance—which is both positive and challenging for companies looking to hire.
Never before has it been more important to have the relationships in place that are needed to ensure you can find the candidates you need for critical roles. Morgan Consulting Resources has spent decades building our extensive network from coast to coast to help in times exactly like these—you can rely on our trusted relationships to help recruit optimal hires out of their comfort zones. When healthcare industry candidates aren’t seeking opportunities, they have to be found where they are—and our highly experienced recruiters know precisely where that is, anywhere in the nation.
When you are ready to explore the full spectrum of opportunities for your hiring needs—contact MCR. We are standing by…ready to engage our network to help you achieve your goals!
