Losing a top-performing employee isn't just a big hit to the company's morale,- it's expensive, too.
Finding, onboarding, and training a replacement employee can cost anywhere from 30-400% of what you were paying the person who left. That's why so much of your role as an HR professional is about helping people do their best work at your organization while making them feel like there's a bright future ahead of them.
To do that, you need data. Luckily, we've got it. Here's a treasure trove of stats on employee retention in 2024. From sources like the U.S. Bureau of Labor Statistics, Gallup, the Pew Research Center, and Joblist, these facts will have you contemplating why people leave jobs, what they value at work, and how you can entice them to stay.