How to Attract and Retain Talent in a Fast-paced Industry
The Great Resignation is the phenomenon of workers quitting their jobs at an elevated rate after spring 2021 due to solid labor demand and low unemployment. During this period, retaining talent was absolutely fundamental. Anthony Klotz, a professor of business administration at Texas A&M University, coined the term in May 2021 and attributed it to pent-up demand from workers who deferred decisions to quit earlier in the pandemic.