Employee Turnover

A?July 2024 Gallup study has highlighted a concerning uptick in employee turnover, marking its highest point since 2015. According to the study, 51% of U.S. employees are actively seeking new job opportunities or keeping an eye out for them.?

? The study also reveals that many employees who left their jobs in the past year felt their departure could have been avoided. Specifically, 42% of these employees believed that their employer or manager could have taken steps to change their decision.?

? A critical factor contributing to this turnover is a breakdown in communication. Surprisingly, 36% of employees who voluntarily left their jobs did not discuss their decision with anyone before leaving. Even among those who did mention their intention to leave, 44% only 1 out of 2 workers are watching or actively seeking new employment according to a new Gallup Poll.

? Commitment of workers is at its lowest point in 9 years. ?

Estimate of leadership and manager replacement cost of 200 % of salary. Technical and professional 80%. Front Line Workers- 40 %. ?

? When an employee decides to leave an organization, they land a new role in 1-3 months. The top two reasons some leaves continue to be compensation/ benefits and positive interactions with their manager. ?

?? Healthcare Executive Search ?(HES) can help you and your organization hire and retain your most important asset, your people. ?Can your organization afford your key leaders and miss-hires leaving? ?The replacement costs are staggering. ??

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