Lexology December 29, 2022
Employee attraction and retention plague organizations in the United States
Organizations are struggling to fill key roles at every level
| Voluntary attrition rate | Involuntary attrition rate | |
|---|---|---|
| 19% | 7% |
2022 saw the highest salary budget increases in nearly 20 years
Given the fundamental role salary plays in an organization’s ability to attract and retain talent, employers plan to carry this adjustment through to 2023 – yet remain cautious about how and when they allocate the overall budget.
| 2022 Overall Actual Salary Increases (Median) | 2023 Overall Forecasted Salary Increases (Median) | |
|---|---|---|
| 4% | 4% |
Additionally, organizations...
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