3 strategies to avoid the rising cost of attrition

It’s the stuff of nightmares, a looming question that we know HR leaders wish they could avoid …

What would you do if nearly half of your workforce disappeared?

A nightmare, yes, but unfortunately, this is becoming more and more of a reality for industries and businesses of all sizes. Our most recent retention research found at least 42% of employees are actively looking for a new employer or intend to in the next 12 months. 66% of HR leaders report their companies are actively hiring – so they’re looking for talent to poach.

So employers are asking themselves, if we’re to avoid this material loss to productivity, is turning back to the pre-COVID-norm really an option?

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The short answer is no: COVID-19 was a turning point, whether you are prepared to call it that or not.

Click here to discover why we need to redefine the employee/employer relationship.