In the past few years, employee retention has become an increasingly prevalent issue for companies, with several studies pointing to the different reasons your employees may be leaving.
Just last year alone, the Work Institute’s 2019 Retention Report found that 41.4 million U.S. workers left their jobs in search of better opportunities, equating to a 27 percent voluntary turnover rate.
By 2023, this number is estimated to increase to 35 percent. The Work Institute conservatively estimated that the cost to lose a U.S. worker is $15,000.
