Over the course of the pandemic, many employees refrained from changing jobs due to high levels of uncertainty, along with mental and physical health issues. Now, as things return to normal, experts predict a massive wave of turnover in the second half of 2021. Open enrollment this year provides a fantastic opportunity for organizations to combat turnover—by proving they have gone above and beyond to support their employees with top-tier benefits offerings.
The United States is experiencing a spike in COVID-19 cases, specifically in areas with low vaccination rates. A major reason for this spike is an emerging variant known as Delta, which was first seen in India in December 2020. The variant has quickly moved across the globe, and it is now circulating in the United States as the dominant variant, accounting for 51.7% of COVID-19 cases, according to recent data from the Centers for Disease Control and Prevention (CDC).
Cyber experts are now considering “ransomware” the predominant cyber threat confronting businesses of all sizes. Ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid. The number of ransomware attacks worldwide spiked by 170% between Q1 of 2019 and Q4 of 2020, and the severity of incidents has been increasing as well.
The COVID-19 pandemic is finally getting under control. As more Americans get vaccinated, states are gradually lifting restrictions, and life is returning to pre-pandemic normal. Finally, people can get to the tasks they’ve been postponing for more than a year. Unfortunately for employers looking to retain employees, some employees are now ready to find new jobs.
The current job market outlook
Cal/OSHA is reminding all employers to protect outdoor workers from heat illness as excessive heat watches have been issued throughout California. The temperature is forecast to exceed 100 degrees in many parts of the state this week. Employers in California must take steps to protect outdoor workers from heat illness by providing water, rest, shade and training.
There is a tremendous leadership shortage in the world today.
Most people can follow a basic workflow to get a job done but as soon as the work involves getting the job gets done by others, the number of qualified candidates begins to drop even though supervisory work typically pays more (see Human Capital Supply & Demand exhibit).