LBMC recently released our fourth annual Business Outlook Survey Report addressing top business goals for 2021 and offering insight into current business trends, challenges, and levels of optimism across the U.S. Our respondents indicated that finding and retaining key employees remains a key goal for 2021. The fact that a company’s greatest asset is people still rings true. When combined, ‘Find great talent’ and ‘Retain great talent’ are the second top business goal at 64%.
We are seeing the talent war continue as it relates to skilled, experienced professionals in most industries, as we are back to pre-pandemic supply/demand levels when it comes to finding certain skill sets. Once companies secure the new talent they seek, it is now more important than ever they have an effective onboarding process, especially given remote arrangements are the norm on some level for most companies. This tends to set the new person up for better success and satisfaction at their new employer. Also, we experience that leaders who keep their pulse on the culture have a much better chance at retaining their top performers longer-term.