What can organizations do to attract talent and incentivize their current workforce to reduce turnover? In a competitive labor market, retaining workers can be challenging. Unemployment rates are low and the economy is currently strong. This environment increases workers’ confidence levels and promotes more risk-taking. In February 2019 alone, 2.86 million Americans quit their jobs, according to the Bureau of Labor Statistics (BLS). The latest PayScale research takes a deep dive into this issue to find out what is impacting employee retention and what employees are looking for in a new organization.
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The reasons people quit their jobs by gender, generation, tenure, and job level
Creative ways to tailor your rewards structure to retain top talent