The global talent shortage is now the highest in 10 years making replacement even more difficult with an overall loss in production for the organization.
More employees leave voluntarily (20%) than are terminated (16%).
In 2016 the median length of time employees stayed with their employer was 4.2 years. This is expected to shorten due to competition for talent and unfulfilled staff expectations.
Over 75% of voluntary employee turnover is preventable.
33% leave due to lack of career development or the job not matching expectations.
21% leave for better opportunities to learn or be challenged
12% due to lack of work life balance
