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Survey finds 14% expect increased turnover rates for rest of year

August 21, 2015

Better opportunity and pay are the chief drivers of voluntary turnover, according to the 2015 Employee Retention Survey released by PrideStaff, a national staffing franchise.

Throughout the remainder of 2015, 14% of employers surveyed expect turnover rates to increase and 47.8% expect rates to stay the same.

The survey found turnover is most often initiated by the employer: 42.3% of respondents let employees go due to underperformance. However, the survey also found 20.7% of employees leave their jobs for career opportunity/advancement and 18.9% leave for higher-paying jobs elsewhere.

More than 61% said that they “deal with turnover on a case-by-case basis and only recruit when we have an opening,” while only 13.8% said they have a proactive recruiting strategy in place and have built a bench of available talent.

According to the survey, 68% of employers temporarily split job responsibilities among remaining employees when unplanned turnover occurs, and nearly 31% of companies offer overtime to existing employees to fill the gap.

The online survey was conducted in March 2015 and included nearly 600 individuals, representing a wide range of industries and company sizes.