5 Biggest Contributors to Employee Retention - Infographic
The effects of an employee leaving the company – whether voluntary or involuntary – can be very damaging. Employee turnover is expensive and results in a loss of knowledge/expertise, lower productivity, and a decrease in employee morale.
The U.S. Bureau of Labor Statistics reported that 2.4% of employed American workers had voluntarily quit their job by end of July 2018. The last time the voluntary quit rate was this high was April 2001.
With the current labor market, it’s more important than ever for employers to make employee retention a priority. Recently, we surveyed our VIP Crowd users to find out what the biggest contributing factors are to their company loyalty – based the eight employee retention factors outlined in an article by Rise.
Check out the infographic below for the results.