• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

InFront on the Workforce

Long-term and post-acute care publication

Subscribe | Events | Advertise | Contact Us

  • Facebook
  • LinkedIn
  • Twitter

  • HOME
  • ABOUT
    • Who We Are & What We Do
    • The Vision
    • Readership
  • RESOURCES
    • Important Links
  • Retention & Engagement
  • Culture & Leadership
  • Regulatory
  • Technology
  • Industry Trends

(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.

Related Posts

  • (3/21) Why You Should Care about the Cost of Turnover
  • (10/31) How Masonic ‘Got Real’ and Cut Employee Turnover – McKnight’s Senior Living
  • (8/13) What To Do about Employee Burnout
  • (2/20) Why Workplace Ghosting Is on the Rise
  • (2/08) 7 Employee Engagement Trends That Are Gaining Momentum

Categories: HR Industry Brief /

Primary Sidebar

AROUND THE WEB

Items of interest from across the web.

  • As More States Are Legalizing Marijuana, How Should Employers Respond – HR Executive
  • Giving Thanks for Senior Living Employees, Leaders — McKnights
  • 22 States Petition CMS to End Mandate As 76% of SNF Staff Behind on Vaccines – Skilled Nursing News
  • 6 Ways to Re-energize a Depleted Team – Harvard Business Review
  • 7 Ways to Lift Up the Employees’ Morale Ahead of Holiday Season — Entrepreneur
  • Workforce, Financial Relief Focus in ‘Tumultuous Period’ After Midterms: Argentum – McKnights
  • 6 Steps to Creating More Inclusive Job Descriptions – HR Morning
  • Mental Wellbeing and Resilience: Tech + Culture to the Rescue – HR Daily Advisor
  • Employers Have ‘Flexibility Fatigue.’ But That Could Put Them on the Wrong Side of the ADA. – HR Dive(11/16) Employers Must Push Preventive Care to Inflation-Worried Staff – TLNT

View All

CONTACT INFO

Publisher: CC Andrews
440.638.6990
Editor: Joanne Kaldy

PO Box 360727
Cleveland, OH 44136

CATEGORIES

  • CULTURE & LEADERSHIP
  • RETENTION & ENGAGEMENT
  • REGULATORY
  • TECHNOLOGY
  • TRENDS IN THE INDUSTRY

Copyright © 2023 - InFrontWorkforce.com. All rights reserved.