In 2023, employee turnover rates exceed 10%, with 80% of employers struggling to meet rising compensation demands and a disconnect in benefits priorities.
Employee turnover rates exceed 10% in 2023, with 80% of employers struggling to meet rising compensation demands. A significant disconnect exists between employers' benefits priorities (health/dental insurance) and employees' preferences (higher pay, 401(k) matches). 70% of workers report salaries not keeping up with inflation. To address retention and satisfaction, companies should focus on competitive compensation, positive work environments, and work-life balance strategies.
February 28, 2024
7 Articles