2.9% of the entire U.S. workforce started quitting their jobs in August 2021. This was all because of “ The Great Resignation”.
But why is the movement taking place? Robert half salary survey showed that
Half of credit and collection professionals feel they are underpaid and plan to ask for a salary increase.
A third said they would seek employment elsewhere if their salary is not increased.
As a result of "The Great Resignation," there is a limited number of qualified professionals, leading to increased competition for top talent across firms.
You may not have the power or funding to keep your staff content as a credit manager, but you should be aware of what your rivals may have. It is also your responsibility to discuss the risks and alternatives with management if this scenario is ignored.
This infographic will provide you with a detailed framework on what proactive steps you can take to deal with "The Great Resignation".
Download this infographic to learn about the steps you can take as a credit manager to deal with the situation