Job resignations hit a 20-year high of 4.5 million last November, and voluntary turnover has continued at a busy pace. The cost to replace just one employee is one-half to two times a worker’s annual salary, costing US businesses an estimated trillion dollars every year.
Employers are concerned, and not just about the financial hit: A rotating door means lost productivity and lower employee morale, which can lead to more departures. Companies know they must provide the kind of work culture—in the office and hybrid—that people like to be part of.
This playbook explores how companies are finding creative new ways to stabilize work teams. You’ll learn how workplace software can help you meet employee expectations, such as:
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