Employee Turnover And Retention Briefings Abstract: 33
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Experts in the industry warn that if the job market heats up, HR Managers should expect to see huge increases in staff turnover. Eighty-three percent of US managers and executives said they will likely seek work elsewhere when the opportunities become available.
Why are workers so anxious to jump ship? According to recruiters, employees are fed up with feeling underappreciated and doing the job of 2 or 3 or 4 people due to corporate layoffs. Employees are dissatisfied with lack of promotions and pay raises and feelings of being undervalued and overworked.
Employees that have expressed unhappiness with their work has increased from 15% in 2000 to 25% at the end of 2003. Read Source