![]() Only 28% of employees feel connected to their company's mission. However, the same study also shows that more specialized workers are also more loyal workers - 45% of them would recommend their employer as a place to work, compared to only 29% of those whose jobs don’t require specialized training. Retention of employees is becoming more and more difficult, and employees with specialized training are empowered workers, a PwC study conducted in March 2022 shows.Ībout half (49%) of respondents said their job requires specialized training, and 37% of these employees planned to ask for a promotion in the next 12 months, compared to only 21% of those whose jobs don’t require specialized training, according to PwC’s Global Workforce Hopes and Fears Survey 2022. 41% of employees whose jobs require specialized training plan to ask for a raise in the next 12 months. Seasoned employees are usually more sought-after, and they’re quick to see if their new workplace is going to satisfy their professional needs for career growth. ![]() It’s one of the reasons why businesses are starting to take into consideration employee loyalty statistics. If engagement and appraisal don’t really match up with an employee’s early expectations, they will soon check out. 31% of employees quit a job within the first six months.Ī new employee needs to be guided and properly acknowledged for their work and talent. There are several factors that lead to low retention, but let’s start with basic stats as an introduction. 20% of turnover happens in the first 45 days of work at a new company.Įmployee Retention Stats - What You Need To Know.87% of HR experts consider employee retention among the highest priorities.Good retention can maximize company profits up to four times.By 2030, low retention will cost $430 billion.Employee retention rates hit a record low in March 2020.45% of US employees are currently looking for a better position elsewhere.Crucial Stats on Employee Retention - Editor’s Choice Why does it happen so often, and what can be done? Below are the most recent statistics about employee retention we’ve compiled to examine this issue. But at a certain point, the costs of hiring-replacing circuits can easily skyrocket. The turnover rate is the ratio between old and new employees - sometimes also called an attrition rate.įresh talent is always welcome. ![]() If you’re uncertain of what employee retention is - it’s the number of employees a company manages to keep in a specific period. According to the latest employee retention statistics, companies can’t afford to keep losing people and recruiting new ones to replace them. When it comes to work and companies, people come and go, right? That might be true, but it’s also an issue. ![]()
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