HR STRATEGY

Where Did 4 Million Workers Go and What Are They Doing?

Merito Group | January 03, 2022

Workforce News
The Great Resignation era of workers are returning to the workforce but not as originally imagined.

"With new priorities and values, Americans are searching for a new job or a new career, which also means becoming an entrepreneur. Companies are shifting their policies to better accommodate hybrid or remote work schedules, as well as bonuses to retain current employees and to hire new ones, Entrepreneurship has always been part of the American spirit. But with so much uncertainty in the past few years, these Covid-preneurs want more control over their future."

- Carolyn Thompson, CEO of talent acquisition and consulting services company Merito Group


Employers, especially those in strained industries such as transportation and finance, are fighting to keep current employees and compete to grab candidates within the same industry who may have quit another company.

The latest report from the Census Bureau's Business Formation Statistics shows that nearly 1.4 million applications have been filed to form new businesses likely to hire employees. Since 2018, new business applications filed per week averaged 67,000, but since June 2021 that number has skyrocketed to 100,000 new business applications per week. Thompson, an entrepreneur herself.

About Merito Group:
A US-based, certified woman owned company, Merito Group is a talent acquisition consulting firm providing excellence in outsourced solutions. The team of experienced Executive Recruiters has thousands of successful placements under their belt because they take the time to get to know you, your company, division, or department's needs as well as our candidates' personal interests and goals through a thorough in-person interview process. Blending corporate needs with candidates' desires make the right match more attainable for all parties.

Spotlight

This infographic relatd to the employee retention prced

Spotlight

This infographic relatd to the employee retention prced

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Justworks | September 23, 2022

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HR STRATEGY

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TriNet | October 27, 2022

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