Multiple measures indicate the nations unemployment picture is changing for the better. The Bureau of Labor Statistics cites that payroll employment rose by 214,000 in October, with a slight edging in the unemployment rate to 5.8%. Meanwhile, Society for Human Resource Management noted that hiring activity hit a four-year high, as more than two-in-five manufacturers and more than one-third of service-sector companies added jobs, according to its Leading Indicators of National Employment® Report.
Yet more jobs and an increase in hiring activity also means higher turnover and retention challenges for employers. Approximately half of employers say that there has been an increase in talent mobility, 15% report an increase in hiring and 35% report that turnover is rising, according to Towers Watsons 2014 Global Talent Management and Rewards Study.
