Act Now to Win the War for Talent

A new report from the Conference Board signals tough days ahead for employers. In the next 10-15 years, they project the demand for labor in the US will exceed supply. A labor shortage puts added pressure on organizations to retain existing employees – something that is already a top concern of human resources leaders. In a recent Human Resources Executive surveyWhat’s Keeping HR Up at Night? – respondents reported eroding levels of employee engagement as their #1 concern. Of the 12 strategies to boost employee engagement and retention that the survey asked about, only three showed an increase in usage: enhancing employee benefits, offering/enhancing wellness programs and increasing/improving leadership training.  As the war for talent escalates, it will be increasingly important for benefits professionals to understand their organizations’ staffing projections and plans. This will allow them to respond with benefit and wellness offerings that aid in the recruitment and retention of employees in a tight labor market.

Go to full article: blogs.wsj.com

Renya Spak
by Renya Spak

Renya is a Partner in the New York City office of Mercer Health & Benefits and leads the Health Innovation Team. The Health Innovation Team is responsible for cultivating new thinking and designing solutions that address the dynamic challenges impacting employer-sponsored healthcare in the US today. Renya continues to actively participate and lead consulting engagements that focus on strategic planning, population health management, and health innovation.

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