Edcor Newsletter July 2022 | Edcor

Edcor Newsletter July 2022

Edcor Newsletter
July 2022


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

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


Group of friends spending time together
Tuition Assistance Program Administration
Student Loan Repayment Programs