Conclusion
In recent years, companies have faced an unprecedented number of
macroeconomic and labor market forces that still have the potential to
erode corporate proftability or shut their doors altogether. A combination
of recent, positive economic news and an improved job market is
helping to boost consumer confdence. In fact, according to a recent
Conference Board survey of economists,
5
U.S. consumer confdence
registered a one-year high earlier this year as optimism about the labor
market offset other concerns.
A more confdent workforce, combined with more job openings, can
lead many workers, who may be on the fence about job change, to move
forward andmake their exit. The recessionary environment has caused
workers to reassess the employer-employee value proposition. They are
now taking a closer look and asking, “What is my employer providing
me, in both hard and soft benefts, that makes me loyal to them?”
Protecting your best assets – your workers – is vital, and that means
you must fnd ways to maximize their engagement levels and
willingness to remain loyal to your organization.