With employee turnover showing no signs of slowing down, offering older workers a chance to delay full retirement may help slow the exodus—even if only momentarily, according to a survey from The Harris Poll commissioned by Express Employment Professionals. Retiring employees are expected to account for 28% of turnover in 2023, with U.S. hiring managers […]
Employee departures continue to plague the workforce as 48% of U.S. hiring managers say their company is experiencing increased turnover, up from 44% in late 2021. (more…)
Over the past year, North America has seen a seismic shift in employment unlike anything the job market has ever seen. In 2021, more than 42 million employees left their jobs. And between April and August 2021 alone, workers resigned nearly 20 million times, according to the Bureau of Labor statistics. This mass exodus was […]
Adding to the difficulty of finding qualified workers this season, 42% of U.S. companies say employee turnover has increased this year, costing businesses an overall average of $26,511 annually in lost productivity and recruiting, according to a new survey from The Harris Poll commissioned by Express Employment Professionals. (more…)
Great leaders know the positive effects of employee recognition. Showing appreciation and thankfulness in the workforce helps promote healthy relationships, productivity, motivation, retention, and even overall employee morale. However, recognition can sometimes be an oversight that may be causing underlying issues. (more…)
Nearly half (49%) of employees are unsatisfied with their jobs. It could be due to a bad boss, lack of work/life balance, or simply that they don’t enjoy the work they do. If any of that sounds familiar, it might be time to quit your job. But that means the uncertainty of a new job, […]
Signing bonuses. More paid holidays. Paid training. School tuition. Even health insurance for employee’s pets. Anne Woods, an Express Employment Professionals franchise owner in Santa Fe Springs and Covina, California, reports businesses are rolling out new and expanded benefits as the competition for workers grows fiercer. Woods also reports some businesses are ending waiting periods […]
Studies show the actual cost to replace an employee is significant. Depending on a variety of factors—including skill level, education, and experience—the total cost of turnover can be as high as 150% of an employee’s annual salary. So, if you assume the average salary in your company is $50,000, then every time an employee leaves, […]
Express Employment Professionals recently released new survey results revealing the reasons applicants do not accept jobs and the reasons employees leave their jobs. In a survey of 1,951 businesses, respondents were asked, “What hurdles stop applicants from accepting a job at your company?” They were also asked, “What hurdles cause employees to leave a job?” […]
