Talent-Based Location Strategies
9 Dec 2021
As the U.S. economy continues its recovery from the impacts of the COVID-19 pandemic, employers are encountering an increasingly difficult talent landscape fraught with challenges related to the attraction and retention of the talent upon which their business relies. This is particularly true for the most advanced technical job roles. Amid this environment, companies are relying on their site selection consultants to develop talent-based location strategies that help ameliorate these challenges. Utilizing market data in more creative ways can help companies gain competitive advantage by identifying new pools of accessible technical talent.
The current situation in the U.S. has been coined the “Great Res ignation” as turnover rates are spiking for all positions across different industries and skill sets. The tightening of the labor supply coupled with increased demand for new hiring across the economy is creating serious challenges for companies as they look to increase headcount or at least replace employees lost to attrition.