Companies can enhance their appeal by offering flexible work arrangements, as research indicates that after compensation, work flexibility is the second-most important priority for employees. Additionally, focusing on skills rather than just degrees can help attract diverse talent. For instance, IBM has successfully recruited skilled individuals by prioritizing their capabilities.

Workplace culture is crucial for employee retention. ADP's CEO highlights that beyond hiring and retirement, the middle phase of an employee's journey—referred to as 'inspire'—is fundamental. A positive culture that fosters career growth and community can help mitigate high turnover rates, as evidenced by the fact that 60% of employees leave due to a lack of career opportunities.

Generational differences significantly impact workplace expectations. Younger workers often prefer returning to the office to gain critical skills and learn from senior colleagues, while parents may prioritize flexibility due to their home responsibilities. Companies like Wilmington Trust are addressing these differences by balancing the need for in-office work with flexible arrangements.