{"id":2009,"date":"2014-10-17T16:56:00","date_gmt":"2014-10-17T16:56:00","guid":{"rendered":"http:\/\/www.hr-softwareblog.com\/?p=2009"},"modified":"2014-10-22T23:28:35","modified_gmt":"2014-10-22T23:28:35","slug":"retention-hiring-finally-reached-tipping-point-employeeemployer-relationship","status":"publish","type":"post","link":"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/","title":{"rendered":"Retention vs. Hiring \u2013 Have We Finally Reached the Tipping Point in the Employee\/Employer Relationship?"},"content":{"rendered":"<p><a href=\"\/blog\/wp-content\/uploads\/2014\/10\/employee-retention.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-2010\" title=\"\" src=\"\/blog\/wp-content\/uploads\/2014\/10\/employee-retention-300x300.jpg\" alt=\"retaining employees\" width=\"300\" height=\"300\" data-wp-pid=\"2010\" srcset=\"https:\/\/i0.wp.com\/www.comparehris.com\/blog\/wp-content\/uploads\/2014\/10\/employee-retention.jpg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.comparehris.com\/blog\/wp-content\/uploads\/2014\/10\/employee-retention.jpg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.comparehris.com\/blog\/wp-content\/uploads\/2014\/10\/employee-retention.jpg?resize=144%2C144&amp;ssl=1 144w, https:\/\/i0.wp.com\/www.comparehris.com\/blog\/wp-content\/uploads\/2014\/10\/employee-retention.jpg?w=450&amp;ssl=1 450w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The last five years have seen significant power reside in the hands of employers as the supply of workers has far outpaced the demand. 2014, however, looks like the balance may shift and employees will gain the upper hand.<\/p>\n<p>There are several reasons for this shift \u2013 a tipping point, actually \u2013 and the ramifications will be with us for years. To start, the financial meltdown of 2008-2009 has finally reversed its course. Companies as diverse as Starbucks and Proctor &amp; Gamble no longer see millions of applicants for thousands of jobs. In addition, the Federal Reserve Board has seen fit to scale back on quantitative easing while the Federal government is once again hiring in significant numbers. Both situations portend a more employee-centric job market.<\/p>\n<p>At the same time, many large American corporations \u2013 sitting on more cash and liquid assets than ever before \u2013 are looking to expand their operations and capitalize on the ready labor market. Finally, the first wave of baby boomers have started to retire, as many as 10,000 per day according to some government estimates.<\/p>\n<p>For this reason, many corporations are looking to our southern neighbor to increase the available work force but that strategy will only work for a certain number of skills. More educated and easily trained employees will start to see higher demand. The question that corporations need to ask is whether their retention strategy is sufficient to keep their best employees in place.<\/p>\n<p>Simply put, a solid retention plan is key to the future success of any company. With a rapidly diminishing trained work force, a company will no longer be able to have its so-called \u201cpick of the litter\u201d when it comes to employees. Even worse, they can no longer rely on minimal training and hope for the best. Instead, a development plan must be instituted to keep employees motivated and committed.<\/p>\n<p>Development and retention plans do not normally come fully formed but HRIS systems and Professional Employer Organizations can help jump start your efforts. Consider them when reevaluating your strategy for dealing with the \u201cnew normal\u201d in the shrinking labor market. The real risk is not that you will run out of employees, just that you will have to deal with all the problems associated with sub-par ones.<\/p>\n<p><strong><em>For more information on HRIS systems and PEO companies see the following resources:<br \/>\n<a title=\"Compare HR software systems\" href=\"http:\/\/www.comparehris.com\" target=\"_blank\">compareHRIS.com<\/a><\/em><\/strong>\u00a0 <a title=\"Compare PEO companies\" href=\"http:\/\/www.peocompare.com\" target=\"_blank\"><em><strong><br \/>\nPEOcompare.com<\/strong><\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The last five years have seen significant power reside in the hands of employers as the supply of workers has far outpaced the demand. 2014, however, looks like the balance may shift and employees will gain the upper hand. There are several reasons for this shift \u2013 a tipping point, actually \u2013 and the ramifications &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Retention vs. Hiring \u2013 Have We Finally Reached the Tipping Point in the Employee\/Employer Relationship?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-2009","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Retention vs. Hiring \u2013 Have We Finally Reached the Tipping Point in the Employee\/Employer Relationship? - HRIS - Compare HR Software Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Retention vs. Hiring \u2013 Have We Finally Reached the Tipping Point in the Employee\/Employer Relationship? - HRIS - Compare HR Software Blog\" \/>\r\n<meta property=\"og:description\" content=\"The last five years have seen significant power reside in the hands of employers as the supply of workers has far outpaced the demand. 2014, however, looks like the balance may shift and employees will gain the upper hand. There are several reasons for this shift \u2013 a tipping point, actually \u2013 and the ramifications &hellip; Continue reading &quot;Retention vs. Hiring \u2013 Have We Finally Reached the Tipping Point in the Employee\/Employer Relationship?&quot;\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/\" \/>\r\n<meta property=\"og:site_name\" content=\"HRIS - Compare HR Software Blog\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/compareHRIS\/\" \/>\r\n<meta property=\"article:published_time\" content=\"2014-10-17T16:56:00+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2014-10-22T23:28:35+00:00\" \/>\r\n<meta name=\"author\" content=\"CompareHRIS Team\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@HR_softwareblog\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CompareHRIS Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/\"},\"author\":{\"name\":\"CompareHRIS Team\",\"@id\":\"https:\/\/www.comparehris.com\/blog\/#\/schema\/person\/18a77760b2a5f2db71188322799edc81\"},\"headline\":\"Retention vs. Hiring \u2013 Have We Finally Reached the Tipping Point in the Employee\/Employer Relationship?\",\"datePublished\":\"2014-10-17T16:56:00+00:00\",\"dateModified\":\"2014-10-22T23:28:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/\"},\"wordCount\":406,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.comparehris.com\/blog\/#organization\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/\",\"url\":\"https:\/\/www.comparehris.com\/blog\/retention-hiring-finally-reached-tipping-point-employeeemployer-relationship\/\",\"name\":\"Retention vs. Hiring \u2013 Have We Finally Reached the Tipping Point in the Employee\/Employer Relationship? 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