A Tight Labor Market May Fuel Another Great Resignation, But Employers Can Retain Talent by Offering Internal Development and Performance Management.

The "Great Resignation" may be over, as a tightening labor market has encouraged more people to stay in their jobs. Consulting firm Korn Ferry coined the term "job hugging" to describe this trend. However, this trend can fuel another Great Resignation when the labor market improves. Employers have more leverage in negotiations and can retain talent by implementing strong internal development and performance management programs.