U.S. employers aren't just having a hard time attracting workers, they're increasingly struggling to hold onto them.
MGM Resorts International will hire 500 to 800 people during a week, only to lose 300 to 400 others, its CEO recently said. In restaurants, there's a new buzzword for employees who leave after a few days to go work elsewhere: "ghosting coasting." And at the warehouses of grocery supplier SpartanNash Co., turnover is 70 percent, nearly triple historical rates.
"It really is a war for talent," SpartanNash CEO Tony Sarsam said in an interview. "About 10 percent of our hires now don't show up for the first day. People are getting multiple offers at the same time, and then they're cherry-picking."
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