Thirty-three percent of U.S. hiring managers anticipate employee turnover at their company to increase in the next year, costing an average of $36,295 per employee annually, according to a survey by Express Employment Professionals and the Harris Poll. The cost per employee is based on the cost to rehire and lost productivity.
The survey found that more than 20 percent of hiring managers say the cost-per-employee number climbs to $100,000 or higher.
For those who anticipate increased turnover in 2024, many point to better pay/benefits offered elsewhere (38 percent), increased workplace demands (35 percent), employees resigning (33 percent), employee feelings of being overworked (31 percent) and the Please log in to see the rest of this story.
