The war for talent means companies are now fighting tooth andnail for the best employees. The past seven years have seenunprecedented growth in the job market, which has brought theUnited States close to full employment. At the same time, themarket for skilled talent has become increasingly tight, making toptalent more expensive and job-hopping more prevalent.

According to Strategic Drift: How HR Plans for Change, a study conducted byThe Economist Intelligence Unit® (EIU) and supported by the ADPResearch Institute® (ADPRI), 76 percent of senior executivespredict that the market for skilled talent will become eventighter, and the same percentage consider workforce planning acritical issue for their companies.

Yet, a new report by the ADP Research Institute®, Fixing the Talent Management Disconnect, reveals that employersare underestimating how many of their employees are at risk ofleaving. The study found that 16 percent of employees say they areactively looking for new jobs and nearly half say they arepassively looking and “open” if the right opportunity were to popup. Employers surveyed estimated that only 22 percent of theirworkforce is passively looking for new opportunities — only half ofthe number of employees actually at risk.

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