Kansas City, Kan. – With 2017 pay increase budgets stagnant at 2.9 percent, employers are experiencing a rise in voluntary turnover among their staff. With the average voluntary turnover rate reported as 9.8 percent compared to 7.9 percent three years ago, employers must rethink their strategies in recruiting and retaining an engaged workforce in today’s market.
This data comes from the recently published 2017 Compensation Data Manufacturing & Distribution pay and benefits survey results. The survey covers 700 industry-specific and general industry titles ranging from entry-level to top executives. In addition to salary data, the results include comprehensive pay