If you’re not thinking about employee turnover, you should be. Turnover could very well be the biggest talent issue your company faces for the foreseeable future. Research from 2018 shows employers were struggling to retain employees prior to the pandemic and now, due to the shutdown, those rates are expected to rise.
Currently, experts predict voluntary turnover will increase significantly as employees resume the job searches they put off when the pandemic began.
So why is this an issue? Employee turnover is extremely costly, in more ways than one.
The expenses associated with turnover, including recruiting, hiring, onboarding and training,