Execuserve recently conducted a ìDepartmental Impact of Turnoverî survey to determine what impact employee turnover has on US businesses ñ and what they are doing about it. We think this may be of interest to your North American readers.
The results yielded some surprises.
Sales was selected overwhelmingly as the top department for turnover, chosen by close to 1/3 of the recipients as their number one choice.
Revenue generation (27.7%) and company growth (26.5%) are at the forefront of respondentsí minds.
According to respondents, the economy, attrition and revenue are closely tied together. Over 60% indicated that the improved economy will increase turnover and over 80% of respondents feel that turnover will have a direct impact on revenue.
In spite of this predicted rise in attrition, almost one quarter of respondents (20.9%) have taken no steps to reduce attrition. However, others surveyed have pointed to various benefits, bonuses and training programs as a way of keeping staff members on board. The majority (69%) also see behavioral assessments as a helpful hiring tool.
To view the preliminary survey - please click the link below
What impact does employee turnover has on US businesses
Departmental Impact of Turnover survey to determine
