Execs predict turnover to worsen in 2007

More than half of attrition happens in the first year
By
|hrreporter.com|Last Updated: 04/25/2007

Nearly half of executives predict turnover will increase this year, according to a new study.

Global employee retention firm TalentKeepers, surveyed 547 United States-based firms on employee turnover trends. For the first time, the forecast by employers was decidedly gloomy. Only three per cent predicted turnover will decrease for their industry, while 45 per cent predicted an increase in turnover. Another 52 per cent see the problem remaining the same for 2007.

Many workers are leaving jobs after less than a year. The study found that while few workers quit during initial training (accounting for only one per cent of turnover), that number quickly jumps to 15 per cent during the first 90 days.