Although the ideal employee turnover rate is 10 percent or less, rates have skyrocketed in recent years, jumping to roughly 47 percent in 2021 and remaining elevated in 2022, according to data from the U.S. Bureau of Labor Statistics. There’s a good chance your organization experienced some of this workforce loss. However, while some level of turnover is okay, you might want to pay close attention if your head count starts rapidly shrinking against your will.
There are many reasons why employees voluntarily quit their jobs, and one possible explanation boils down to, well, the fact that their co-workers did it first. Multiple people leaving your company can spark a serious ailment for your business: turnover contagion.
Dispatches From The Front 