Worldwide, turnover rates are expected to rise significantly over the next five years. But here in this country employers are expected to feel it the most.
In North America, more than half (59%) of employers expect a slight or significant increase in worker turnover over the next five years.
These figures come from a recent global study by Right Management.
Here’s the breakdown of other countries that expect higher turnover over the next half a decade:
- Asia Pacific (58%), and
- Europe (41%).
On average, 49% of respondents expect increased turnover over the next five years and just 14% foresee a decrease in that time frame.
While it’s impossible to completely prevent employee turnover, experts recommend that employers focus their energy on finding ways to keep top performers from jumping ship.