18. Is The Talent War a Calamity or an Opportunity?
Many will view the "talent wars" as a negative. But it isn't just a cue to re-visit hiring and promotion, it's also a prompt for reflection. Law firms can use this unique set of circumstances in the job market as an opportunity to examine some processes that can be improved upon — and get lean.
December 10, 2021 at 08:37 AM
4 minute read
The original version of this story was published on Lean Adviser
It's being called the "Great Resignation." Tied to the COVID pandemic, people are leaving their jobs in droves. According to an August 2021 PricewaterhouseCoopers survey, 9 out of 10 executives say they're facing higher than normal turnover.
And, according to Kastle's back-to-work barometer, which analyzes data from their key fob systems, the legal industry is the most aggressive vertical in America when it comes to forcing a return to office. National occupancy for law firms is currently at 63.9% compared to the average occupancy for all industries of 36.9%.
Another lesson in Lean Adviser addresses how lean practices can help retain the talent that may be looking to leave, so in this lesson, let's flip this and look at whether this trend presents an opportunity for firms to re-think old processes — and get lean.
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