Global recruiter links rising inflation to employee retention - BusinessWorld Online

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Global recruiter links rising inflation to employee retention - BusinessWorld Online
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Surging inflation is a key factor in an employee’s decision to seek higher pay, according to a survey by global recruitment firm Robert Walters which also said an employer’s response is crucial to talent retention. READ:

SURGING inflation is a key factor in an employee’s decision to seek higher pay, according to a survey by global recruitment firm Robert Walters which also said an employer’s response is crucial to talent retention.

His comments reflect the results of Robert Walters’ Global Salary Survey 2023, which was conducted in September last year and involved more than 2,000 respondent companies and clients. “Make sure that they are competitive and they know what the market rates are in order to match those when it comes to retaining and hiring people,” Mr. Perez-Higuero said.

“Employees with the right skills, and with skills in demand, will be entitled to be more demanding when it comes to asking their employers to match their salaries with the increased costs of life,” Mr. Perez-Higuero said.

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