Published: 22 March 2022
As the economy continues to stabilize, maintaining and attracting talent is a top priority. Though the attrition crisis cannot be solved overnight, HR leaders must understand the “why” behind employees leaving to repair, humanize, outcompete or double-down on recruiting efforts accordingly.
Employees are leaving their organizations at historically high rates: 60% of HR leaders are significantly concerned about employee turnover. As executive leaders face the prospect of mass attrition, the essential question they must first ask themselves is why their employees are leaving. Drivers of attrition can be plotted against two axes: the first, whether the trigger for leaving is related to the organization or the external labor market; the second, whether the reason for leaving was related mostly to the work experience or to personal life. By categorizing attrition drivers accordingly, executive leaders can select the most effective strategy to retain critical talent.
Analysts:
Human Resources Research Team
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