What often gets lost in the debate over skills shortages and high unemployment is that it is ridiculously expensive to hire and replace people today.
U.S. businesses are spending more than $110 billion on talent acquisition – more than $3,000 per hire, on average, according to Josh Bersin, principal and founder of research firm Bersin by Deloitte. And among the most sought after employees – those with hot skills and/or high potential – turnover is rising at three times the....