HR Connection blog

Retention -- the ability of companies to keep their employees from quitting their jobs -- suffered a devastating blow during the COVID-19 pandemic. In the USA alone, nearly 4 million people quit their jobs during April 2021; by November 2021, that number soared to a record 4.5 million.1 In the wake of this mass exodus of employees, dubbed "the Great Resignation," how can organizations reduce turnover and keep their employees working?

Turnover is rampant across workplaces these days, and it can be contagious. Worklytics, the people analytics firm, found that once one person on a team quits, peers in their work environment are 2 to 3 times more likely to leave. With 65% of American workers looking for new jobs, according to a recent PwC survey, business leaders across all industries are bracing for substantial turnover outbreaks able to upend productivity, morale, and profits.