Audit finds low pay, telework policy among drags on the city's worker retention rate - Austin Monitor

The recent audit revealed that despite a reduction in turnover rate to just over 8%, the city struggles with retention issues due to uncompetitive pay, limited advancement opportunities, and decreased telework flexibility.

The audit found that replacing an employee can cost up to four times their annual salary, highlighting the financial ramifications of high turnover rates for the city.

A staggering 73% of employees perceive the 2023 telework policy change as detrimental, emphasizing how crucial flexibility is for job satisfaction amidst rising living costs.

Despite a bump in the city's living wage to $20.80 per hour, it still doesn't keep pace with Austin's housing market, making retention more challenging.

Read at Austin Monitor