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Study: 1 in 4 workers will quit this year—here’s why

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Danny Nelms

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in Centerpiece,Human Resources,Leaders & Managers,People Management

CEOs and HR directors have long realized that high turnover among employees puts negative pressure on their bottom lines and can create a domino effect on customer service, workplace morale, and the quality of products and services.

The bad news for U.S. businesses is that an estimated 42 million workers—one in four—will leave their jobs this year, costing employers $600 billion. Turnover rates are expected to continue rising to record-high rates fueled by a number of economic, demographic and social factors.

The good news for businesses is that most turnover is preventable.

That’s among the findings of Work Institute’s 2018 Retention Report, a national study of workplace turnover and retention. We used a scientifically valid methodology and data from over 234,000 exit interviews to uncover the root causes of turnover and reveal the reasons employees leave their jobs.

Managers should focus on employee retention...(register to read more)

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