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HR.com’s State of Employee Retention 2023-24: Make employee retention a strategic imperative
HR Research Institute Research Report and Infographic
October 2023
Most organizations still struggle to hang on to great employees, but about a quarter have mastered the art of retention. Download and read the full report with key takeaways from this annual research to learn insights and strategies you can apply to your organization.
Did you know?
Job opportunities outside the organization (68%) are the top external trend impacting employee retention
The most widely cited drivers of employee turnover within organizations are management-related issues (55%) and burnout (54%).
Fully 85% of today’s HR professionals view retention as a top-10 priority in their organizations, and 62% view it as at least a top-3 priority.
To learn more, we invite you to download and read the research report today:
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Advisory Board
The HR Research Institute is honored to have this esteemed group of professionals join our HR.com’ State of Employee Retention 2023-24 advisory board to help guide HR.com's primary research. The advisory board's goals are to influence the HR industry's thought leadership and best practices and to advance the competencies and skills of HR professionals.
Rick Bower, CEO, Apex GTS Advisors
Douglas Brown, Founder, Manage to Retain
Britni Eisenmann, Founding Principal, STOKEFIRE
Bev Kaye, Founder and CEO, Bev Kaye & Co
Ken Klein, CEO, Praisidio
Shane McFeely, Organizational Psychologist, Lead Workplace Researcher, Quantum Workplace
Julian Reeve, CEO & Founder, Perfect Equilibrium
Amy Waninger, CEO, Lead at Any Level
Claudine Zachara, COO and President, LaborIQ
HIGHLIGHTS FROM THE RESEARCH:
Employee retention is at least a top three priority among most HR professionals
About two-fifths of organizations report a voluntary turnover rate of 20% or higher over the past 12 months
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