The coronavirus pandemic triggered a radical shift in employee behaviour that has created a secondary crisis for employers.
Some 640,000 UK employees left their jobs this year due to the pandemic. Job vacancies also soared to an all-time high in October, with Britain seeing more than a million job openings, the highest number since records began.
Unprecedented employee churn isn’t purely a UK phenomenon. A study by the tech giant Microsoft found that around half of the world’s workforce is considering changing job in the next 12 months.
With many firms undergoing major restructuring post-pandemic, retention will be vital for recovery.