#turnover

#turnover

Layoffs cause fear, anger, and deep loss of trust among remaining employees. Research indicates that targeting just 1% of a workforce increases turnover by 31%. Another survey found that 74% of employees reported a productivity decline following layoffs.

Employee turnover surged to unprecedented levels during the Great Resignation, with younger employees showing a higher propensity to consider leaving their roles. Retention is increasingly focused on purpose, progression, and aligned values, rather than solely on salary.