Philanthropy as an employee attraction and retention strategy
January 18, 2023
Whether you call it “The Great Resignation” or “The Great Rehiring” or avoid referring to it at all, everyone can agree that companies are having a tough time recruiting, hiring and retaining talent in today’s job market. The Bureau of Labor Statistics reported in October 2022 that the number of unemployed persons per job opening was less than one at a meager 0.6, a stark contrast to the 4.9 unemployed persons per job opening in April 2020. With competition remaining high in 2023, it will be more important than ever for employers to keep their current and newly hired employees on the payroll.