The Must-Read Articles for Talent Professionals This Week

At a time when budgets are shrinking and the economy still feels as if it’s in murky waters, many companies are buzzing about one talent term in particular: retention.

How, in other words, can businesses keep their current employees in a challenging hiring market?

To find out, Worklife, a media company that focuses on the modern work world, turned to three well-known companies — Nestlé, Walmart, and Procter & Gamble — to learn their retention secrets.

“In an era,” writes Worklife, “when the average time a person stays in a job is at an all-time low, P&G has found a smart way to buck the trend. The consumer goods giant . . . gives new hires a rigorously structured career development road map straight off the bat. That means that an average new hire works five different roles within their first 10 years at the company, providing them the opportunity to move across brands, businesses, and geographies to tackle new challenges.”

And what has been the result of this tactic? A whopping 99% of senior leaders come from within the company.

To learn more about how P&G, Walmart, and Nestlé keep their workers in the fold (spoiler: generative AI can help), be sure to check out Worklife’s piece at the top of our list below of must-read articles for talent professionals. And further down our list, you can learn what the pros and cons are of becoming a skills-based organization; why one worker is proud of his “job-hopper” label; and why your boss may be pumping calming scents and odors into your office.