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By Peter Weddle, Founder & CEO TAtech
The Great Stay has become the term du jour in TA and HR circles, and with good reason. In an era of low unemployment, the best source of new hires is the talent working for other employers, and that source has all but dried up.
This year, there’s been an 11.1 decrease from 2023 in voluntary employee quits, according to iHire’s 2024 Telent Retention Report. It’s a startling contrast to the peak of the Great Resignation in 2021, when 4 million workers were leaving their jobs EVERY MONTH.
Despite this new reality, however,