{"id":3545,"date":"2021-08-13T11:01:32","date_gmt":"2021-08-13T16:01:32","guid":{"rendered":"https:\/\/www.employco.com\/blog\/?p=3545"},"modified":"2021-08-13T11:15:51","modified_gmt":"2021-08-13T16:15:51","slug":"hr-newsletter-preventing-turnover","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2021\/08\/13\/hr-newsletter-preventing-turnover\/","title":{"rendered":"HR Newsletter: Preventing Turnover"},"content":{"rendered":"

\"Attract<\/p>\n

Turnover is a common occurrence throughout any given year. However, during the COVID-19 pandemic, turnover rates fell dramatically. Now, a significant number of employees are unwilling to return to the status quo that was established pre-pandemic. That\u2019s a major reason why experts predict a \u201cturnover tsunami\u201d coming in the latter half of 2021.<\/p>\n

What\u2019s Happening?<\/strong> Throughout the COVID-19 pandemic, workers clung to their jobs as a way to maintain financial security, having seen countless others get furloughed or laid off.\u00a0 In fact, LinkedIn found that 74% of employees have been \u201csheltering in job.\u201d That means workers are staying in their current roles to collect a steady paycheck and keep household finances stable\u2014that is, until the pandemic is over. Now, as the economy opens back up, employers are pushing for employees to return to the workplace. But a significant number of employees are unwilling to return to the status quo established pre-pandemic. Workplace stressors\u2014 worsened by the pandemic\u2014are partly to blame. Additionally, dissatisfaction with compensation, benefits and work-life balance are top reasons why employees are job hunting.<\/p>\n

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A recent survey revealed the following shifts:<\/p>\n