The pandemic has proven that HR is adaptable and agile, and can meet the challenges of the new employee economy.
It's well-documented that COVID-19 altered the employee experience in every industry. Focus shifted from the aspirational aspects of work— like getting ahead and career fulfillment— to basic needs like mental health, safety, security, belonging, financial planning, and wellness. High turnover rates signal that employees are searching for a workplace that meets these fundamental needs.
Some say this isn't a Great Resignation, but a Great Reprioritization. Nevertheless, traditional office-based functions are seeing 10-15% annualized turnover rates and front-line roles report up to 80-140% annualized attrition rates, according to Gartner.
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