Excerpt from Crain’s New York Business quoting DataTrek co-founder Jessica Rabe:
….”What’s more, widespread labor shortages mean employees have more bargaining power than they’ve had in years. The ratio of workers quitting their job hit a record 69% of all separations in June, according to U.S. Labor Department data. The leisure and hospitality sector saw the most people saying, “Take this job and shove it.” Professional and business services came in second.
Jessica Rabe, co-founder of DataTrek Research, said there are “massive labor shortages” in professional services, and she expects more turnover. That has employers in the sector going the extra mile to keep their employees happy”….
Read the full article here on Crain’s NY Business!