The October Jobs Report indicates that an increasing number of workers are voluntarily leaving their jobs. This has prompted human resources departments to switch their focus from
employee recruiting to employee retention, according to recent research from TNS Employee Insights.
Specifically, the number of employees who quit their positions rose by more than 100,000 between September and October - from 967,000 to 1,070,000.
"Normative data shows that top performers have had it with stagnant opportunities and rewards, and are starting to jump ship now that the job market is a bit looser," said Pat Sikora, senior researcher for TNS. "The key to retaining top talent therefore is simple: move the needle and increase employee engagement."
This can be accomplished in several ways, including effective team-building and leadership development.
With rates of employee churn increasing, recruiters are likely to find themselves looking to fill vacant positions. A recent CareerBuilder survey indicated that a continuous improvement strategy can help. A total of 41 percent of the nearly 2,700 hiring managers and human resource professionals surveyed said they were able to reduce time-to-hire by an average of three weeks.
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