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To Retain Workers, Promote Them Earlier than the Job Market Heats Up


For a second, let’s flash again to 2020: a 12 months when disruptions triggered by the Covid-19 pandemic compelled many corporations to freeze hiring or lay off staff, making a labor market through which these searching for work far outstripped open positions. One 12 months later, because the pandemic eased and the financial system reopened, corporations discovered themselves within the reverse state of affairs, struggling to fill an extra of open roles. This financial shift helped catapult the Nice Resignation, a interval lasting from 2021 to 2023 when effectively over 100 million U.S. staff, discovering the market of their favor, stop their jobs, typically in pursuit of upper salaries or higher advantages.





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