One Topic: 10 Facts 15 Look, Listen, Read

One topic: 10 facts

EMPLOYEE RETENTION AND THE Turning Point

1As a rule, employee retention rates of 90% or higher are considered good, and a company should aim for a turnover rate of 10% or less.

2Forty-one percent of workers consider job security as the No. 1 reason to stay with a company.

3Eighty percent of employees felt more engaged when their work was consistent with the core values and mission of their organization.

4A good onboarding program leads to 69% of employees staying at least three years.

5Businesses that are highly engaged could reduce their employee turnover by 59%. 6 Attrition statistics show nearly 3 million Americans quit their jobs every month.

7It costs an employer an average of 33% of an employee’s yearly salary for their exit.

8Thirty-one percent of employees have quit their job within the first six months of starting.

9Close to 35% of workers would consider offers from other companies if they didn’t receive a raise over the next year.

10 Sixteen percent of Gen Z and Millennial employees have quit jobs because they felt the technology provided by their employer was inadequate.

Sources: Seeds Scientific, Apollo Technical and Springworks