If your organization's turnover rate hasn't picked up recently, it's only a matter of time. That's the message of a new Society for Human Resourcesurvey that says 75 percent of all employees are currently looking for new employment opportunities. Among those, 35 percent say they're actively job searching, while 40 percent are passively searching.
The top three reasons they're looking to move: better compensation elsewhere (43 percent), better career opportunities (32 percent) and dissatisfaction with current job (22 percent).
With turnover and the economy heating up, the survey says more employers are beefing up their retention efforts, including better competitive merit increases, promotions, career-development opportunities and bonuses.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 10 Secrets to an Effective Performance Review
- Consensus Decisions Can Deflect Firing-Bias Claims
- Solo HR pro? Prepare to play big in 2016
- Backup firing rationale to beat discrimination claims
- Plymouth House nursing home slammed for 'bad faith'