group of business people running on track with briefcasesThere is fierce competition to hire top talent as businesses try to recover from, first, the "Great Resignation," then the "Great Rehiring," and now the "Great Return."

Companies in all industries are scrambling to meet aggressive growth targets by hiring more staff. Talented professionals, on the other hand, understand how important they are to business operations—and how much companies are willing to pay for them, pushing the market rate even higher.

Employees have refused to stay in jobs with which they're dissatisfied; millions of Americans have quit over the past year as a result. Moreover, following the pandemic, candidates' priorities have shifted. They are now looking for higher wages and more flexible work arrangements that allow them to maintain a desirable work-life balance.

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