The real reason why companies struggle retaining their people
This Great Resignation is due to a combination of factors that have coalesced to create a social phenomenon.
By John Schwarz|November 03, 2021 at 10:09 AM
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Companies have had to rapidly adjust to a future of work that even a year ago had seemed theoretical, but now is all too real. Business leaders in most industries in developed economies were caught unprepared to deal with the confluence of factors that have contributed to the change.
The underlying drivers of the change have been apparent for a while, but COVID brought them into a sharp and immediate focus. Most importantly, the demographics of developed countries have changed where there is a growing gap between retirements and new job entrants and the gap is not being adequately closed by technology-driven productivity.
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