2023 Turnover Survey Executive Summary2023 Turnover Survey

Guide / Talent Management, Termination

The “Great Resignation” that started in 2021 created a job market in favor of employees and those seeking new opportunities. This continued during 2022 as business leaders faced another year of unpredictability that challenged employers to become creative with their recruitment and retention strategies.

While it appears that the volatility of turnover that grew over the last couple of years has started to stabilize, organizations should continue to see challenges with competitive talent, an exhausted workforce, and pressure to control costs due to the current economic environment.

The word "turnover" can sometimes have a negative connotation, but not all turnover is necessarily bad. It is important to remember that employee turnover is a natural part of an organization's operations, whether voluntary or involuntary. All turnover is worthy of investigation and analysis.

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