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Employers are facing new challenges in today’s pandemic-impacted economy. In today’s “Great Resignation”, workers are leaving jobs in record numbers in search of better pay, more flexibility—and greater happiness. As a result, businesses and organizations are finding it harder to attract and retain talent.

Principal’s research echoes the headlines, noting that three-fourths of American employers and retirement plan sponsors are concerned about increased competition for staffing candidates and are struggling to fill open positions.

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