White Paper
Turning the Great Attrition Into the Great Attraction
The pandemic prompted the "Great Attrition," with many employees re-evaluating their careers, leading to a mass exodus. Traditional retention strategies, like pay increases, proved insufficient. Companies now recognize the importance of integrating learning and development (L&D) into their culture. Research indicates that training opportunities, job advancement, and company culture are crucial for talent acquisition. Internal talent development is vital, promoting reskilling and upskilling to retain staff and reduce recruitment costs. Effective strategies include embedding L&D within company culture and aligning training with career paths. Embracing tailored, flexible training approaches is essential for future talent retention and growth.