Talent Trends

**Let’s take a quick look at the talent trends emerging from this report.**

Talent management focuses on the people, the processes, and systems required to recruit, hire, ramp, retain and motivate a high-quality workforce. It looks at onboarding, continuous training and development, compensation, goal setting, performance management, and succession planning.

Since “the great resignation” of 2021, more than 19 million US workers, and the numbers are still growing, have left their jobs. Leading causes are:

Burnout
A breakdown in the social contract
Lack of work/life balance
Loss of a sense of purpose

The survey showed that voluntary attrition rose from 6.9% in 2020 to 9.8% in 2021. Why is this? Along with what the experts say, the survey points to more exciting, fulfilling work, more social connection, and higher pay elsewhere.

The Covid-19 pandemic has reset many traditional employment practices across all industries. Fortunately, the global professional services industry has been moving toward virtual consulting delivery for decades, but now the trend has been accelerated in more traditional PSO verticals such as legal, accounting, and architecture. Leading firms are accentuating the benefits of remote work with collaboration tools and team and skill-building combined with flexible hours and childcare.