Thursday, August 11

Tag: employee turnover

Millennials Are Changing the Way Employers View Employee Turnover
Featured News

Millennials Are Changing the Way Employers View Employee Turnover

It's common practice among employers to try to minimize employee turnover as much as possible. Seeing as how the cost of recruiting and training a new employee can reach between six and nine months worth of salary, quick employee turnover is usually bad for businesses. Additionally, a high employee turnover rate can be seen as a reflection of poor morale, which can impact the whole company. However, today's workforce is seeing a factor that may be changing the landscape of employee turnover: millennials. Data shows that millennials stay at a job for a far shorter amount of time than generation X or baby boomer employees. In fact, about 36.6% of millennial employees stay at one job forĀ 13 months or less. However, additional research suggests that millennials aren't job hopping more th...