2021 Payscale Retention and Turnover 
15Five
OCTOBER 30, 2023
Employee turnover is an increasingly significant challenge across nearly every industry, and the decline started well before the Great Resignation. These outcomes are inextricably linked, making retention mission-critical to your business. What causes employee turnover? years to 4.1
HRExecutive
MAY 28, 2021
The second is the Job Openings and Labor Turnover Survey , better known as the “JOLTS” report. According to a February 2021 report from the Economic Policy Institute, 80% of the 9.6 This is where we learn about job gains and losses for the prior month, the overall unemployment rate, the labor force participation rate and more.
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ClearCompany HRM
JULY 20, 2023
Hospitals see an incredible 100% turnover every five years and lose as much as $9 million annually due to turnover. In 2021, 27% of registered nurses (RNs) left their roles. We’ll also look at winning strategies health systems use for hiring and retention. Did you know hospitals see 100% employee turnover every 5 years?
Analytics in HR
JANUARY 25, 2022
Even so, a recent study by Payscale found that less than 50% of companies have a strategic compensation plan. According to PayScale’s 2021 Compensation Best Practices report , businesses currently have a more challenging time finding and retaining skilled workers than ever before. 2 times the employee’s salary.
Affinity HR Group
JANUARY 23, 2020
The importance of employee retention in this tight labor market cannot be over-emphasized. Knowing what’s important to them can help you structure your workplace so that it supports retention. An increasing number of organizations use bonus programs as a retention tool. These populations have the highest levels of unemployment.
Genesis HR Solutions
MARCH 1, 2023
2021, Gallup) The percentage of actively disengaged employees is up slightly in the U.S., from 14% in 2020 to 15% through June 2021. 2021, Gallup) The ratio of engaged to actively disengaged workers in the U.S. 2021, Gallup) 37% of employees consider recognition to be the most important thing a company can do to support them.
Astron Solutions
MAY 3, 2022
The events of 2020 and 2021 have left a mark on how both employers and employees view work. Many have changed course on what they believe is most important, resulting in chain of events: record breaking employee turnover and a scramble by leadership to curtail the surging storm of The Great Resignation.
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