Does Inflation have an Effect on Recruiting?

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Many leaders are keeping an eye on rising inflation and the potential impact on hiring and retaining staff in a highly competitive talent markets. Employers are seeking more strategic approaches to recruiting and retaining employees through wage increases and more attractive job perks, but the labor market is showing no signs of engagement. Economists expect another round of wage inflation as job candidates and existing workers look for higher wages to keep up with higher prices. Does this have an effect on recruiting?

Inflation in the US has long been low, averaging less than 2% over the last decade. Based on

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