With margins getting thinner for everyone, a lot of businesses have begun to outsource their human resources initiatives or cut them entirely. Unfortunately, for the business that has to slash their HR budget, situations can arise where issues turn into problems and if there is no one actively doing the HR job.
There are some periods in history referred to as “great,” many of which were devastating in scope. We are currently living through a period that is becoming known as The Great Resignation. People are leaving their jobs in droves without having other employment opportunities lined up. As you can imagine, this is creating significant challenges for many businesses. Let’s take a closer look at what The Great Resignation really is and why it’s important to understand for a small business.