A Breakdown of Inflation’s Adverse Effects on Hiring and Retention

Inflation impacts many organizations' hiring process, whether from more employees resigning or being laid off.

Discover what employers and candidates think about inflation and some key strategies to overcome this economic force.

Here’s a sneak preview of what everyone thinks about inflation. Download the guide to view the rest of the insights.
  • Candidates: 47% of candidates said they’re searching for a new job in 2023 due to inflation. (Sparks Group 4/21/23 LinkedIn Poll)
  • Employers: 68% of organizations factored inflation into their salary and cost-of-living updates for 2023. (2022-2023 SHRM State of the Workplace Report)
  • HR Professionals: 51% of HR professionals plan to do a hiring freeze if there’s an economic slowdown. (2022-2023 SHRM State of the Workplace Report)

In this resource, employers will learn what worries candidates and employers about inflation, key strategies to recruit top talent, and more!

Create a strategic hiring strategy despite the impact of inflation with the help of a staffing and recruiting firm.

Complete the form to get the top insights on combating inflation so you can keep highly qualified candidates.

About Sparks Group

Sparks Group is a premier provider of top talent to organizations looking to make their next great hire. Sparks Group's commitment to building long-term relationships with clients and candidates has resulted in a deep understanding of the needs for each position to help make the best match for every open job.

 

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