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Your Loyal Workers and how to keep them that way

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The secular changes in demographics are expected to have an adverse effect on the U.S. workforce. As the Baby Boomer generation migrates into retirement, the Bureau of Labor Statistics projects that the workforce will grow at a rate of only 0.06% per year between 2000 and 2050. Between 1950 and 2000, the workforce grew 1.6% per year, due to the explosion in Baby Boomer workers.

With an anemic growth rate in labor and industry’s desire to expand, the United States will likely face a situation of excess demand for workers that outstrips the supply. This will be particularly true for skilled professionals.

To compensate, Human Resources managers are expected to drive up recruiting efforts, salaries and other incentives to compete for skilled professionals. With escalating recruitment costs, companies are finding that retaining existing talent is a strategic imperative and, thus, must focus on worker loyalty as a critical company value.

This Monster research report is designed to help employers understand loyal workers by identifying the components that define their loyalty and recommending strategies to inspire loyalty in workers.

Click here to view the full report courtesy of Monster Intelligence.

Sponsored by:

Adecco S.A., a Fortune Global 500 company and the global leader in HR services. The Adecco Group connects over 700,000 associates with business clients each day through its network of over 33,000 employees and 6,600 offices in over 70 countries and territories around the world. Registered in Switzerland, and managed by a multinational team with expertise in markets spanning the globe, the Adecco Group delivers an unparalleled range of flexible staffing and career resources to corporate clients and qualified associates.

 View the Managing Worker Loyalty webinar.