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17 Employee Retention Statistics That Are Required Knowledge in 2024

15Five

Losing a top-performing employee isn’t just a big hit to the company’s morale,— it’s expensive, too. Finding, onboarding, and training a replacement employee can cost anywhere from 30-400% of what you were paying the person who left. Here’s a treasure trove of stats on employee retention in 2024. years in 2022.

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8 Employee Retention Statistics You Need to Know

Empuls

Employee retention is an important focus for your business, whether you’re a small startup or a big, established corporation. Keeping employees in their jobs and at your company means you spend less money on recruiting and training and build an organizational culture of strong connections.

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10 Eye-opening Employee Retention Statistics You Should Take Note Of

Vantage Circle

With so much to choose from, employees don’t think twice before switching their job if their current one doesn’t suit them. 1) 69% of employees who undergo effective onboarding are more likely to stay with an employer for at least 3 years, and 58% are more likely to stay on for more than 3 years. Source- hrdive.com).

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Why Elon Musk is wrong about remote work

Achievers

Achievers Workforce Institute weighs in with up-to-the-minute, science-driven employee experience research. With the exception of employees like front-line workers, who must be on-site to perform their duties, working from home became the norm. A seismic shift occurred in the workforce in recent years.

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Using employee fitness benefits for corporate talent acquisition and retention

Employee Benefits

Attracting and retaining great employees is a constant challenge for recruiters. When employees are in a position where they can be selective, organisations must go the extra mile. Employee benefits are one of many things people will consider when weighing up where they want to work. According to a 2023 study by Hussle , 63.1%

Banking 104
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It’s vital employers understand the new EHRC guidelines on menopause 

Workplace Insight

At the heart of the guidelines, the EHRC references staggering statistics on the extent to which the menopause can impact women. These statistics signify the weight of responsibility on employers to recognise the potential impact of menopause and perimenopause in the workplace and seek appropriate solutions.

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How Modern Businesses Need To Adapt And Think Differently To Retain Workers?

Hppy

Many businesses , industries and sectors across the world struggle with employee retention, and it has become necessary to re-evaluate the relationship between employers and their staff members to try and reverse the trend. Travel insurance is also essential if employees are required to travel for their work.