While a candidate-driven market is definitely worth celebrating, too often, employers hear the term without fully understanding what this means for them. With professionals in the driver’s seat, they are commanding more than just higher salaries. Today, professionals consider their careers an integral part of their lives. In addition to getting paid what they know they are worth, they expect their job to provide personal fulfillment and meaning. If your employees do not feel supported, aren’t learning new skills for the future, or are disengaged with their work, they will move on.

While employers may understand the effects, they are afflicted with hurdles that are difficult to overcome in order to provide the best experience possible. As a result, they’re losing top performers. Employers rated their greatest challenges toward employee retention as:

While employers today can’t always offer everything an employee may want or need from their job, it is evident that employers need to work harder to improve. Without making adjustments to adapt to today’s market, companies are certain to lose their best employees to the organizations who did make those changes. Additionally, employers must not wait until it is too late to try to win over employees who have one foot out the door.