In 2021, 69% of corporations in the United States struggled to find top talent, an increase from 14% in 2010 (Manpower), this has most likely increased in 2022 as unemployment continues to fall. In fact, according to Monster’s 2022 Future of Work Report, 93% of employers said they are planning to hire throughout 2022, up 11% from 2021.
Bad hiring decisions are responsible for up to 80% of employee turnover (whattobecome.com) and the Human Resources organization, SHRM, has found that companies with a standardized on-boarding process experience 50% greater productivity from new hires.
It takes two years for a replacement employee to reach the same level of productivity as the previous worker (goremotely).
