Crank up retention efforts; 75 percent looking to jump ship — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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Crank up retention efforts; 75 percent looking to jump ship

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in HR Management,Human Resources,Leaders & Managers,Management Training

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 Resource Management survey 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.

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