Workplace transparency and the tightening labor market have driven companies to compete for candidates. Organizations seek to attract and retain the best talent by offering incentives and bonuses. War for talent is not merely about attracting potential employees but also retaining the existing ones. “Employers are now taking advantage of opening up of the economy,” says Lisa Lynch, former chief economist, U.S. Department of Labor. Furthermore, organizations are trying to create a positive work environment where people want to work. However, do these offers work? Watch this video to learn more about the war for talent.
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