Case Studies: Retaining Your Best People During a 'Great Resignation' or 'Big Recession'

These are crazy times to be in HR. For more much of the year, we've worried about employees quitting - quietly or otherwise. Now we must be concerned about the impact of a recession -- with no clear answer on what effect that will have on hiring. Many employers want to hang onto their most valuable workers, even as they brace for an economic downturn. No wonder: New-hire quit rates are at historic highs…matching the 35 percent who will quit nationally in 2022. The number of jobs currently open are at record levels -- 10 million open jobs, and the historically low 3.5 percent unemployment rate hasn't budged, even as the economy slows.