Employee turnover

בחורה עם מחשב נייד

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

Cost of employee turnover
Cost of employee turnover