The big stay refers to the current sustained period of low attrition rates, showing a 26% decrease year over year since April 2023, particularly prominent in sectors like hospitals and healthcare, retail, accommodation, food services, and consumer services.
There's uncertainty on whether attrition rates will continue to fall, plateau, or rise post-pandemic, with experts emphasizing the need for employers to strengthen retention practices during this lull.
Microsoft's Work Trends Index revealed a potential increase in professionals considering quitting in the upcoming year, urging employers to take advantage of the current stability and prepare for potential reacceleration in attrition rates.
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