Tag: 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 for 13 months or less. However, additional research suggests that millennials aren't job hopping more th...