PRO Unlimited, an Integrated Workforce Management (IWM) platform provider, today released the results of its Spring 2022 U.S. Labor Market Report. The analysis reveals that while U.S. employers have significantly ramped up hiring efforts to counteract persisting talent shortages, many should rethink how they approach retention. Over 50% of the contingent workers who ended their assignments early last year did so within the first two months of their engagement, up from 44% in 2020. One in three workers quit within the first month.
"Recruiting and retention are two sides of the same coin. While finding top talent is imperative, holding onto skilled people is essential for fighting the worker shortage," said Dustin Burgess, GM and SVP, Total Talent Intelligence at PRO Unlimited. "The market is tight and it's only getting harder to source the right candidates. Employers that emphasize retention initiatives, proactively redeploy talent to fill key roles, and create compelling worker experiences will gain a critical edge."
With U.S. consumer prices soaring 8.5% in March from a year earlier - the fastest annual pace since 1981 - impacts are being felt across all markets for goods and services. PRO Unlimited's report explores the current state of the U.S. labor market. Other notable findings include:
PRO Unlimited's report leverages actionable intelligence and insights culled from its aggregation, cleansing and anonymization of data across a variety of internal and external data sources. This includes hundreds of client programs globally. PRO Unlimited manages data on hundreds of thousands of workers annually across 51,000-plus unique roles globally, providing insights on rates, skills premiums, efficiencies, candidate supply and demand, hiring competition, and more.
Download the full report to learn more about the current state of the U.S. labor market.
About PRO Unlimited
Serving hundreds of the world's most recognizable brands, PRO Unlimited offers modern workforce management and a partner ecosystem supported by data, software, intelligence and services to meet your flexible workforce needs. PRO's Integrated Workforce Management platform can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency and expertise to serve as the holistic platform for the modern workforce. Headquartered in Burlingame, California, PRO has helped global brands and organizations achieve operational and financial success for more than 30 years. http://www.prounlimited.com
View source version on businesswire.com:
[ Back To Workforce Management Homepage ]
CALL FOR CONTENT