Employers are desperate for labour, and workers know it, giving them more power to job hop in search of more, writes Victoria Wells. Read on.
The uptick in ghosting comes as worker turnover is increasing. More than a third of small-business owners in Canada say employees are leaving at greater rates than they were this time last year, according to a recent survey fromBusiness owners are navigating a cutthroat hiring environment, with poaching a common problem.On average, employee turnover costs companies $41,000 annually in expenses connected to lost productivity, rehiring and training, the Express survey says.
The rising cost of living, combined with labour shortages and high vacancies, might be behind all this turnover. Inflation, which came in at 6.9 per cent in October, and the costs arising from higher interest rates meant to tame it, are adding pressure to peoples’ finances. At the same time, employers are desperate for labour, and workers know it, giving them more power to job hop in search of a fatter paycheque.
“ are in the drivers’ seat and they’re always looking for something better,” says one small-business owner . “It doesn’t seem to matter what you’re offering them.” As a result, business owners are navigating a cutthroat hiring environment, with poaching a common problem, she says. “There’s so much stabbing going on out there. It’s very difficult to keep a good workforce and then you can only give people so much, or pay them so much, which affects the bottom line. If you raise the cost of your product, then you don’t have the business.”Article content
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