Updated on 7/29/2022 If you manage people, you’ve probably experienced it: workers are switching jobs in unprecedented numbers. In fact, 4.3 million workers quit their jobs every month. Resignations began rising in April 2021 and have remained unusually high [...]
Turnover Myths Part 5 - Is Turnover Always Bad? Myth # 5- Turnover is always bad. It is disruptive to business. The smaller the business, the more disruptive it is. Turnover has a cost. For all these reasons and more, turnover must [...]
Myth #4: Low turnover is always good Reality: Low turnover can be the sign of a great organization. Employees only stay if they are satisfied, right? Not necessarily. Employees stay with companies for all kinds of reasons and it [...]
Myth #3: Exit Interviews are a waste of time Reality: The exit interview is an opportunity to gain insight into what drives employee turnover. Making an assumption, even an educated guess about the reasons employees leave, compromises your exit [...]
Myth #2: Measuring turnover isn’t important Reality: Costs associated with turnover are significant and you should know how much it is costing your business when employee leave. The resignation of an employee earning $60,000 a year can cost a [...]