Survey Finds Employee Turnover Creating More Problems
Company Added
Company Removed
Apply to Request List

Survey Finds Employee Turnover Creating More Problems

Survey Finds Employee Turnover Creating More Problems

Employee turnover continues to increase and is placing an increased burden on the employees left behind, according to a new Harris Poll commissioned by Express Employment Professionals. 48% of U.S. hiring managers say their company is experiencing increased turnover, up from 44% in late 2021.

Employee turnover costs companies an average of $57,150 (cost to rehire, lost productivity) each year. Nearly a quarter of hiring managers (23%) say it costs their company $100,000 or more per year. This turnover also impacts the remaining employees who must pick up the slack of departing co-workers.

More than 7 in 10 (71%) hiring managers said employee turnover places a heavy burden on existing employees—specifically in companies with 100-499 employees (76%) and those with 500 or more employees (78%). A majority of hiring managers (78%) say their company has been affected in some way by the departures, namely having to increase workloads for existing employees (38%).

Hiring managers pointed to several issues as causes of rising turnover:

-employees resigning (34%) 

-increase in workplace demands (31%) 

-better pay/benefits offered elsewhere (31%) 

-competitive job market (28%)

-employees retiring (26%) 

-better perks elsewhere (e.g., summer Fridays, unlimited vacation days) (26%) 

-better company culture elsewhere (25%) 

-employees feeling overworked (24%) 

The survey was conducted online within the United States by The Harris Poll between May 3 and May 23, 2022, among 1,003 U.S. hiring decision-makers.

Published: December 5th, 2022

Share this Feature

American Family Care
SPONSORED CONTENT
American Family Care
SPONSORED CONTENT
American Family Care
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Jamba®
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Hot Dish Advertising
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
MAR 25-28TH, 2025

$1M+ Avg. Revenue per Location. No medical experience necessary. Manage the manager franchise. Comprehensive training and support. Unique business...
Cash Required:
$150,000
Request Info
Class 101 college planning franchise helps high school students get into better colleges and qualify for higher amounts of scholarships and financial...
Cash Required:
$50,000
Request Info

Share This Page

Subscribe to our Newsletters