The number of job vacancies in the City of London has grown by 71% over this time last year according to this article http://bit.ly/aYNqC9 in today’s Telegraph. However it’s down to employee churn rather than new job creation.
According to one commentator ‘we are seeing a return to the merry-go-round of City employment’.
It just seems perverse to me that despite all we know about the costs (direct, indirect and hidden) of staff turnover and all that we’ve learned about the value and benefit of employee engagement, retention and longevity, employers seem prepared to return to the old, costly and profit shrinking ways.
What are HR Directors and their staff doing if they haven’t got to grips with this and persuaded their executive colleagues to operate differently?
Will it ever change?
