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Attrition versus turnover: What’s the difference and why does it matter?

Insperity

What do you think of when you see the terms “employee turnover” and “employee attrition?” For many of us, these phrases call to mind workplace dysfunction, job losses or even confusion, because turnover and attrition are closely related ideas. What is employee turnover? So, the turnover rate in this example is 21.62

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Shocking Employee Turnover Statistics

Reflektive

We all know that employee turnover is a problem, but just how of a big of a problem is it? How much does turnover cost companies? The High Cost of Turnover. A Gallup report found that 21% of Millennial workers say they’ve changed jobs within the past year—a percentage that’s three times higher than non-Millennials.

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Words of Advice from 7 HR Thought Leaders

Achievers

as much as $600 billion in lost productivity” and that the cost of millennial turnover may be as much as $30 billion. In her recent Chief Executive Magazine article , Baumgartner points out that it’s important to remember humans are beings of change. To learn more, download our white paper “The True Cost of Disengagement.”. . .

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Post-pandemic employee turnover: Why it’s happening and what to do about it

Insperity

Yet there’s another rising issue with which employers must prepare to contend: post-pandemic employee turnover. According to the 2021 Employee Engagement and Retention Report , commissioned by the Achievers Workforce Institute, 52% of employees in North America will look for a new job in the near future. It’s anyone’s guess.

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How HR can give your company’s employee retention strategy a boost

Insperity

There are lots of tips out there for guiding managers in retaining their direct reports. Here are eight ways that your organization’s HR personnel can have a direct, positive impact on your employee retention strategy and serve as a valuable partner alongside management.

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8 HR KPIs to measure in a post-pandemic workplace

Insperity

Post-pandemic turnover – also known as the Great Resignation – has led HR departments to zero in on employee engagement, satisfaction and retention. However, with the rise of remote work, many workers report feeling more isolated and disconnected from their teams. Employee retention. Employee turnover.

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Quiet retaliation: A loud and clear problem in the workplace?

Insperity

Equal Employment Opportunity Commission (EEOC) annually, representing nearly 56% of all reported complaints. For example, let’s say that an employee reports a concern to management and then, a short time later, is fired. Tell employees how to report retaliation and what the process looks like. But what about quiet retaliation?