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EFCG 2022 CEO Conference Highlight Series: Recruitment and Retention Trends

EFCG 2022 CEO Conference Highlight Series:

Recruitment and Retention Trends



This year’s EFCG CEO Survey showed that 90% of AEC firms struggle with recruitment and retention. What is your firm doing to adapt?



4 Reasons 90% of AEC Firms Struggle With Recruitment & Retention


1. Talent Has the Bargaining Power

Employees continue to hold most of the “bargaining power” in this tight labor market​.


2. Talent Controls Turnover​

While voluntary turnover increased in 2022 to ~13%, involuntary turnover continued to drop to just ~2.5%​.


3. The Grass is Actually Greener​

Employees tend to leave to work for competitors, in search of higher salaries, with compensation increases 2-3X greater than historic norms. ​


4. External Pressures Consume Decisions

Firms are debating how to adjust for rising inflation and the intensified war for talent.



For more information, contact Julie at jhasiba@efcg.com.


Join EFCG’s Compensation Forum from October 25-26 in Florida to learn what other firms are doing and develop your own way forward to stay competitive. Virtual and in-person options are available. To register, email dmilionis@efcg.com.



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