The Workplace Institute found that replacing an employee costs 33% of their salary. Replacing an Employee Costs an Average of 33% Of Their SalaryĪny investment into employee retention will likely see cost savings and a decent ROI. But, the Workplace Institute’s stat that employees are 23% less likely to leave because of it, shows that it has become less significant when choosing where to work. Of course, salary is the reason we work in the first place. It would seem pay has become less important when it comes to employees leaving their roles. In 2021 Employees Were 23% Less Likely to Leave Overpay Than in 2018 (Source: Oak Engage’s 2022 Future of Working Report) 4. It is so important to check in with your employees regularly to see how they're feeling. During the pandemic, employees reported stress, isolation and burnout, but it would be naive to think that these weren’t an issue before 2020. It has also been a significant factor in people leaving their jobs. ![]() Mental health has rightly become a topic that people are more willing to speak about. 33.2% Of Leaders Say It Has Been a Factor in People Leaving Their Business According to the Future of Working Report, Mental Health Has Been the Top Factor in People Leaving Jobs Over the Past 18 Months. Degreed’s How Workers Learn report found that employees are 21% less likely to leave if they feel they’re offered positive learning opportunities. Clearly, this is the case with employees who will be in a hurry to leave if they feel like they’re stagnating. As the saying goes you either move forward or backwards, there’s no standing still. Offering personal and professional development is key to employee retention. Employees Are 21% Less Likely to Leave Their Role if Their Company Offers Positive Learning Opportunities ![]() (Source: Oak Engage’s 2022 Future of Working Report) 2. Oak’s Future of Working report (published April 5th) found that over a quarter of business leaders was reaping the benefits of being able to recruit people from across the country. 25.3% Of Business Leaders Say They Have Been Able to Find Better Suited Candidates From Across the Country in the Past 18 MonthsĬlearly, companies who have embraced remote working have been able to cast their net further and have a bigger pool of candidates to choose from. Here are 18 employee retention stats, some of which you may find pretty surprising! 18 Employee Retention Stats 1.
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