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Use these HR statistics to guide your organization's growth and retention strategies as technology and workplace cultures evolve in 2024.
According to Gartner, the pace of employee turnover is forecast to be 50–75% higher than companies have experienced previously, and the issue is compounded by it taking 18% longer to fill...
Here we’ll look at what the latest numbers say about employee retention in 2023 and explore the top reasons employees quit, what job seekers want in new jobs, and some tactics and tools (i.e., software for employee rewards and recognition) you can implement to improve employee retention.
We measure employee retention and attraction trends, as well as employee perceptions of their current job climate, to help organizations more effectively retain and attract top talent.
The latest data from the Bureau of Labor Statistics indicates that turnover is trending down in many industries in 2024. This is positive news for organizations seeking to retain talent and keep their operations running smoothly. However, industry-wide low turnover doesn’t make recruiting easy when new or vacant roles need to be filled.
Read on to learn 38 impactful employee turnover statistics, and how each can be used to reduce your employee turnover rate. General Employee Turnover Statistics 1. The U.S. Average Annual Turnover Rate Is 47 Percent . The total separations rate of U.S. jobs is 47.2 percent as of 2021, according to the U.S. Bureau of Labor Statistics. This ...
Among men, 28 percent of wage and salary workers had 10 years or more of tenure with their current employer in January 2024, higher than the figure for women (24 percent). (See tables 1 and 3.) Median employee tenure was generally higher among older workers than younger ones.
A Pew Research Center report reveals that 63% of employees who quit their jobs cited a lack of advancement opportunities as their primary reason for leaving. Creating an actionable path for...
Workplace. Jul 10, 2024. 42% of Employee Turnover Is Preventable but Often Ignored. Employee turnover risk is at its highest in nearly a decade. Learn how to reduce employee turnover by...
employee retention strategies: IBM: IBM utilized predictive analytics to identify employees likely to leave, allowing. HR to create tailored retention plans, which resulted in a 10% reduction in ...