The economic recovery from the COVID-19 pandemic has created a fervent job market that’s led to a great departure of talent, fueled by employees who feel undervalued by their current employer. Thus, some organizations are acting in a reactive manner to retain their existing talent by shelling out counteroffers at an unusual rate.
Shelly Holt, chief human resources officer of Payscale, said employers can avoid this pickle by enhancing their transparency around compensation. READ MORE