EDCOR NEWSLETTER
Professional Development pegged as top Recruitment and Retention Strategy in 2022
The job of a CHRO hasn’t ever been as daunting as in the past two years. Among others the war for talent remains the number one challenge that organizations are dealing with, leading to CHROs continuously reinventing their hiring strategies. According to the latest report by the U.S. Bureau of Labor Statistics, even though the number of job openings has decreased the number of voluntary separations or quits hasn’t changed much indicating that it’s still a candidates market. To circumvent the dearth of talent, many organizations are rethinking their hiring process, focusing less on hard skills, and recruiting lifelong learners. This is beneficial in any field where job skills are trainable; some examples include Cybersecurity, Tech skills, Management skills, and Banking. To this end, Education benefits help organizations mesh the element of learning into the benefits portfolio to recruit and retain top talent. Moreover, organizations use these benefits to engage and nurture their existing workforce which enhances employee wellbeing.
A growing belief among HR professionals is that prioritizing, upskilling, and reskilling internal talent is the key to tiding the wave of Great Resignation and Great Reshuffle. To support this, contemporary data from the Conference Board Survey indicates that Professional Development and Learning Opportunities can be pegged as the top Recruitment and Retention Strategy in 2022.
If your organizational focus is on learning, the article’s insights on Tuition Reimbursement and Academic Advising would be most beneficial to you. Click on Learn More.
Read about Student Loan Repayment Assistance and Download our whitepaper on Three-Pronged Strategy to Resolve the Student Loan Crisis in America
CEO’S CORNER
The past two years have been marked by unprecedented events impacting economies globally. These years were full of uncertainty and yet offered some of the most valuable lessons to corporate America. Among those lessons, the one that primarily caught my attention was nurturing the workforce in more ways than one. Education benefits – be it Tuition Reimbursement, Student Loan Repayment Assistance, Scholarships, or Academic Advising – played a vital role in employee engagement and retention and were heavily adopted by both existing clients who expanded their programs and organization that didn’t have these programs. Edcor played a vital part in their growth owing to our 40+ years of experience in the industry.
Press Release: Read about Edcor’s growth journey and client diversity here or click on Read More.
Adrienne L. Way, Edcor Owner, President, and CEO
INDUSTRY ARTICLES
Read these articles to see how Edcor partner schools are leading the way in higher education with innovative programs and ideas.
ARTICLES OF INTEREST
Gain information and insight from Edcor’s partner schools in these articles:
SCHOOL NETWORK UPDATES
Edcor partner schools respond to the needs of client employees with new course offerings and programs. Read about the steps these schools are taking to serve their students.
- Liberty University Online Programs
- Kick things off with an online Associate Degree at Elizabethtown College!
- A family tradition of healthcare: Sisters graduate from UMass Global nursing program
- University of Phoenix offers direct assessment competency-based education programs
- Scholarship Supporting Leadership in DE&I at Claremont Lincoln University
- Purdue Global Offers In-Demand Supply Chain Credentials
