A new report suggests that the narrative of the Great Resignation may be shifting inside HR offices.
According to the Lattice 2023 State of People Strategy Report, priorities are changing for HR professionals. The report, which is based on a survey of 820 HR employees in a range of different industries and countries, finds that, though recruiting was professionals' #2 priority last year, it dropped to 8th place this year. Instead, greater importance is being placed on retention efforts, with voluntary turnover ranked the most important key performance indicator.
What retention measures are top HR companies putting into place? The report finds a variety of factors that unite successful teams, including investment in programs that employees care about; offering pay transparency; investing in growth opportunities, like coaching; and connecting compensation to performance.
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