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Voluntary Turnover Rates Continue to Rise

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It's happening every day. The signs of discontent are all there, and they are ignored. Workplaces are suffering from unnecessary turnover, unfilled positions, lost customers, overworked staff, and compromised profit. 

The numbers don't lie. At over 150 million, there are more people at work in the U.S. than ever before. However, U.S. employees continue to quit for what they see as better opportunities. 

In 2018 a staggering 41.4 million U.S. workers voluntarily left their jobs. Nationally, employee voluntary turnover rate exceeded 27%. 

Turnover trends demonstrate an 8.3% increase over 2017 and an 88% increase since 2010. 

If organizations allow this trend to continue, U.S. voluntary turnover will hit 35% by 2023, placing companies in continuous and enormous risk.

What is your organization doing to create an atmosphere that keeps employees retained? If you are currently experiencing high turnover or fear your organization may experience it, give us a call at 888-750-9008 to learn how Work Institute can help prevent voluntary employee turnover.

This post was in reference to the 2019 Retention Report: Trends, Reasons, & A Call to Action where we compiled data from over 250,000 employees, including more than 37,000 who quit their job in 2018. To own this report, follow the link here

Categories: Leadership, Retention | Tags: | View Count: (336) | Return

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