Guide

SURVIVAL TIPS: 10 WAYS TO RETAIN TALENT DURING A RECESSION

SURVIVAL TIPS: 10 WAYS TO RETAIN TALENT DURING A RECESSION

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During economic downturns, L&D teams face the challenge of doing more with less while maintaining a positive learning culture and employee engagement. Innovative strategies can help retain talent and foster growth even in lean times. Key tips include focusing on internal talent, career pathing, and addressing skill gaps; prioritizing DEIB initiatives; enhancing communication; and measuring output over time spent. Supporting employees through peer connections, coaching, mentorship, and team-building activities can boost morale. Frequent recognition further enhances job satisfaction. Leveraging learning technologies is essential to assess skill gaps, promote growth, and support these initiatives.

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