Companies Need To Be Better at Hiring, Not Firing. 7 Tips To Pick And Retain The Best Talent During Uncertain Economic Times. Between the so-called Great Resignation and the looming recession, we'll likely see a widespread exodus of talent. Business leaders can mitigate this risk by following these seven tips for hiring and retaining the best talent.
By Gleb Tsipursky Edited by Maria Bailey
Opinions expressed by Entrepreneur contributors are their own.
Research by McKinsey and Company states it takes a "multifaceted approach to attract and retain talent" in the Great Resignation. Even as recession fears grow, 40% of workers plan to quit their jobs. So what are the most successful strategies for hiring and retaining talent amid the Great Resignation, and how can you use these strategies to navigate the potential recession?
Tip 1: Be greedy
"Be greedy when others are fearful, and be fearful when others are greedy." That Warren Buffet quote applies just as much to investing in talent as it does to investing in companies.
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