New Research Forecasts HR’s Response to the War for Talent

A new study from Reward Gateway has revealed the expectations and intentions of HR leaders and their employees in a post-pandemic world. The survey of 3,809 employees and senior HR decision-makers across the UK, U.S., and Australia highlights employees’ plans to leave their current jobs and calls out what HR leaders intend to do to keep them. The data suggests that the next 12 months will define how employers can balance healthy employee churn while attracting, retaining, and engaging top talent.

Significant movement is predicted in the job market with 42% of employees surveyed reporting they are either currently looking for a new employer, or will be this year, and 66% of HR leaders reporting their companies are currently hiring. Nearly every HR manager surveyed (98%) agreed that there are benefits to a healthy amount of employee churn, including “the ability to bring in new talent” (52%) and “an opportunity to enhance Diversity, Equity and Inclusion (DE&I) in [their] organisation” (46%).

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However, 88% of HR leaders agree that attracting and keeping the right talent is critical in 2021. In order to manage unwanted turnover, employers should consider increasing reward and recognition, which 73% of employees planning to leave their current job reported would make them stay. HR leaders are in agreement as 96% report that employee reward and recognition is vital to retaining and attracting employees.

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