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More than one in three workers will voluntarily quit their jobs each year by 2023.
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Categories: Leadership, Retention | Tags: | View Count: (1070)
Workplace conditions that drive employee retention are not a one-size-fits-all solution. It does not matter what industry benchmarks say about retaining employees because each organization is unique, and their retention efforts should be too. Each company has their own history, their own culture, and of course their own individual people.
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Categories: Leadership, Retention | Tags: retention, turnover, job market | View Count: (568)
As the job market consistently breaks records by adding hundreds of thousands of jobs each month, the unemployment rate continually drops, and the employee quit rate skyrockets, organizations are feeling the vital importance of retaining their current employees. The competition for employees is fierce and at levels the US economy has not seen before. Because of this, the necessity for employers to utilize the highest quality of Exit Interviews has never been greater.
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Categories: Exit Interviews, Leadership, Retention | Tags: | View Count: (893)
Good news, everyone! The job market continues to grow with significant upward trends across most industries notable increases in construction, professional and technical services, and manufacturing. Jobs have been added each month this year, and unemployment has ticked down further and further, reaching 3.8% in May 2018. The bad news: research shows that both employees who are dissatisfied with their current job and those employed but searching for a new job are more likely to quit as the avai...
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Categories: Leadership, Retention | Tags: | View Count: (805)
Whether you need workers to run a cash register, a construction site or a hospital unit, your job as an HR leader will be increasingly difficult based upon the jobs report and seasonal turnover trends. Competition to fill jobs continues to heat up as the demand for workers continues to outpace the supply of workers, and the heat will rise as turnover traditionally increases in the summer months.
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Categories: Leadership, Retention | Tags: | View Count: (2056)
Economists are puzzled that wages have barely increased as unemployment has plummeted. Average hourly earnings have only increased by 2.6% over the last twelve months, only slightly above the level of inflation according to the Bureau of Labor Statistics.
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Categories: Leadership, Retention | Tags: | View Count: (602)
02

One in Four Workers Will Quit This Year

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In the wake of consistent economic growth, employees have seized available opportunities resulting in a surge of voluntary turnover that’s challenging employers – and it is here to stay for the foreseeable future.
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Categories: Leadership, Retention | Tags: | View Count: (1067)
The price of a Big Mac made headlines last week as McDonald’s cited the tight labor market as a chief contributor to the chain’s menu price increases. The quick service giant broke the news a few days ahead of the February BLS Jobs Report, released last Friday, which showed a 2.9% growth in wages over the prior year, and the news quickly spun up headlines warning consumers “That Big Mac may cost more thanks to the tight labor market."
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Categories: Leadership, Retention | Tags: | View Count: (1074)
The December jobs report showed that the economy entered the year with positive momentum for continued growth and that employers entered the year with mounting challenges to fill jobs. The unemployment rate remained at 4.1%, the labor force participation rate was stagnant at 62.7% and the job openings rate held at 3.9%, which signal that the number of workers is stagnant while the number of jobs grow. With this, workers know that they have options, as the quit rate remained close to a record-hig...
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Categories: Engagement, Leadership, Retention | Tags: | View Count: (1064)
As we ring in a new year, many of us will reflect on the year that passed and take stock of our lives. A new year marks a new start, and with it often spurs resolutions to improve ourselves. Whether it’s to lose weight, eat healthier, make better financial decisions or give up bad habits, the majority of us aim to better our lives.1 Most New Year's resolutions involve goals to improve our health or happiness, and one of the most popular resolutions is to find a better job.
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Categories: Engagement, Stay Interviews, Exit Interviews, Leadership, Retention | Tags: | View Count: (3097)
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