According to the U.S. Bureau of Labor Statistics, the national quit rate (the percentage of gainfully employed who left their jobs voluntarily) is near a five-year high that is back to pre-recession levels, indicating rising confidence in finding new opportunities.
An improved economy means high performers have more employment opportunities than ever. Before they begin exploring greener pastures, ask yourself: Am I recognizing their hard work and contributions? Do I know what makes them tick? Am I offering competitive pay, benefits, flexible scheduling and professional development opportunities that other companies provide?
The cost of employee turnover is high and burdensome. Sierra HR Partners is available to discuss retention strategies that fit your business model.
