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(8/19) Why Your Employee Turnover Is Exploding – Explained by the Numbers

By Joanne Kaldy / August 19, 2019

According to the data, staff turnover is increasing at an alarming rate. The numbers spell it out:

·         Employees are quitting jobs at the highest rate in years, with a monthly rate of 2.6%, or about 30% turnover over a one-year period. The highest turnover rate is in the American south at 29.9%. Lowest turnover, at 19.6%, is in the northeast.

·         Recruiters report that up to 85% of employees respond positively when approached about a new job opportunity.

·         Turnover costs up to 40% of a company’s earnings.

·         Replacing an employee can cost up to four times the salary for that position.

·         As a result of soaring turnover, more organizations (63%) say they are prioritizing retention.

Read the full article.

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CONTACT INFO

Publisher: CC Andrews
440.638.6990
Editor: Joanne Kaldy

PO Box 360727
Cleveland, OH 44136

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