While economists worldwide declare the end of the Great Resignation and Quiet Quitting, the talent shortage is far from over. According to research by Korn Ferry, a global organizational consulting firm, by 2030, over 85 million job positions may remain vacant due to a shortage of qualified individuals to fill them.
To proactively address talent shortages and declining retention rates, the optimum solution is to focus on the employee experience, defined as the sum of all interactions and touch points an individual has with their employer during their entire journey within an organization.
Employee experience matters significantly because it directly impacts employee engagement, job satisfaction, productivity and overall well-being. A positive employee experience is crucial in attracting and retaining top talent, and fostering a vibrant, healthy work culture.
As an employer, you can chose to control what you CAN by rethinking your approach and harnessing your efforts to create the ultimate employee experience.