TURNOVER RATE OF 15% OR MORE IN 2020
Nearly 4 in 10 experienced turnover of
15% or more in 2020. Actual turnover
defied early expectations, with 13%
instead of 4% of employers experiencing
a rate of 30% or more. An additional
26% had turnover of 15%–29%,
including 12% in the 15%–19% range,
9% in the 20%–24% range and 5%
in the 25%–29% range.
have more than
50% of employees
working remotely full time.
As work environments evolve, success
depends on investments and decisions
driven by workforce preferences.
This can keep dispersed employees
interconnected, engaged in shared team
goals and working toward a common
mission. Considerations should include
cultural impact, engagement, inclusivity,
communication transparency and change
management strategies.
FOCUS ON TURNOVER IS INTENSIFYING
Nearly 4 in 10 experienced turnover of 15% or more in 2020. Actual turnover defied early expectations, with 13% instead of 4% of employers experiencing a rate of 30% or more. An additional 26% had turnover of 15%–29%, including 12% in the 15%–19% range, 9% in the 20%–24% range and 5% in the 25%–29% range.
TARGETED
ACTUAL
As work environments evolve, success depends on investments and decisions driven by workforce preferences. This can keep dispersed employees interconnected, engaged in shared teamgoals and working toward a common mission. Considerations should include cultural impact, engagement, inclusivity, communication transparency and change management strategies.
BASE SALARY
ENHANCEMENT
Seventy-two percent (72%) of employers enhanced base salary, and 39% enhanced variable pay orcbonus programs. Medical was the top benefits category for enhancement (55%), followed by leave policies (43%), voluntary or supplemental benefits (41%) and retirement (38%).Seventy-two percent (72%) of employers enhanced base salary, and 39% enhanced variable pay or bonus programs. Medical was the top benefits category for enhancement (55%), followed by leave policies (43%), voluntary or supplemental benefits (41%) and retirement (38%).
MEDICAL BENEFITS
ENHANCEMENT
Highlights of the insights included in your complimentary report:
TURNOVER
REMOTE WORK
COMPENSATION
TURNOVER RATE OF 15% OR MORE IN 2020
Nearly 4 in 10 experienced turnover of 15% or more in 2020. Actual turnover defied early expectations, with 13% instead of 4% of employers experiencing a rate of 30% or more. An additional 26% had turnover of 15%–29%, including 12% in the 15%–19% range, 9% in the 20%–24% range and 5% in the 25%–29% range.
TARGETED
ACTUAL
Highlights of the insights included in your complimentary report:
TURNOVER
REMOTE WORK
COMPENSATION
FULL-TIME REMOTE EMPLOYEES MAKE UP OVER 50% OF THE WORKFORCE FOR NEARLY 1 in 5 ORGANIZATIONS
As work environments evolve, success depends on investments and decisions driven by workforce preferences. This can keep dispersed employees interconnected, engaged in shared teamgoals and working toward a common mission. Considerations should include cultural impact, engagement, inclusivity, communication transparency and change management strategies.
Highlights of the insights included in your complimentary report:
TURNOVER
REMOTE WORK
COMPENSATION
Seventy-two percent (72%) of employers enhanced base salary, and 39% enhanced variable pay or bonus programs. Medical was the top benefits category for enhancement (55%), followed by leave policies (43%), voluntary or supplemental benefits (41%) and retirement (38%).
MEDICAL BENEFIT ENHANCEMENT
BASE SALARY ENHANCEMENT