Employee Turnover May Accelerate This Summer
“With more jobs out there, employees are analyzing their current situation and sometimes think they can find a better opportunity elsewhere,” said Denise Gians, Motivation Product Manager for Sunrise, Florida-based G.Neil, a human resource support company. “Employees who choose to leave impact a company’s morale as well as the budget.” G.Neil estimates that hiring and training a new employee can cost a company anywhere from a few thousand dollars to $100,000.
Moreover, a recent survey by London-based Video Arts has found that 34% of workers aged 18 to 24 planned to change jobs in 2005. The survey also found that 14% of those interested in leaving will do so after a summer vacation, when they feel refreshed and have a renewed perspective on their lives, and that 11% plan to leave in the fall so they can be settled in a new job before the holiday season.
Source: Hermann Trend Alert