LinkedIn: How to Retain Employees, as Hiring Rates Dip | TechRepublic

Image: djile/Adobe Stock In 14 countries LinkedIn studied, all have decreased their hiring rate over the past year, yet employees still wield power due to the tight labor market, the networking site said in its new Global Talent Trends report. “In many ways, employees still hold the power to demand more from their employers when it comes to salary, flexibility and benefits,’’ said LinkedIn Chief Economist Karin Kimbrough, in the report. But Kimbrough added a note of caution, adding that “this power balance is likely to start leveling out in the coming months.” SEE: The COVID-19 gender gap: Why women are leaving their jobs and how to get them back to work (free PDF) (TechRepublic) In short, hiring is expected to decelerate from the historic highs of 2021, Kimbrough said. Her advice to talent leaders is to look inward. “Continue to understand the skills your employees have, and the skills your company needs. That understanding will help you weather economic highs and lows and labor-market volatility.” Workers are bracing for the economic decline Employees are acutely aware of the “sharp slowdown in economic growth in regions around the globe,” LinkedIn Principal Economist Guy Berger said in the report. His advice…
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