Some companies can’t get employees to stay even when they throw millions at them. Here’s why

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Recruiters are getting nervous as they’re learning that money is no longer the be-all-end-all when it comes to retaining and hiring employees.

persist and recruiters are getting nervous, they’re learning that money is no longer the be-all-end-all when it comes to retaining and hiring employees.

“This is a unique situation,” said Johnson. “We’ve always had compensation go up and down based on the labor market, but now there’s this cumulative fatigue of COVID remote work. It’s all new.” Money is not enough, he said, employees are looking for a change of scenery as a way to cure this growing sense of fatigue.

“If you're exhausted, you think ‘do I really want to live in New York or Boston or San Francisco? Do I want to deal with the high prices and high taxes there? Why don't I move to a warmer climate, and live a more relaxed lifestyle?’” said Johnson. “I think that's more apparent than it would have been two or three years ago."

 

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