Transcription of 2021 RETENTION REPORT
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2021 RETENTION REPORT
Employee turnover Insights and Trends in REPORTTHE COVID EDITION 2021 Work Institute3 4 FOREWORD BY DANNY NELMS 5 EXECUTIVE SUMMARY 6 STATE OF THE WORKFORCE Introduction and Impact of Coronavirus Layoffs Voluntary Turnover10 REASONS FOR LEAVING Overview Trends Quarterly Comparisons Reasons for Leaving by Ethnicity Reasons for Leaving by Age Reasons for Leaving by Sex Reasons for Leaving by Tenure18 REASONS FOR LEAVING THEMES Career Health & Family Work-Life Balance Retirement Job Manager Environment Relocation Total Rewards Involuntary General Employment30 CORE DRIVERS AND PREDICTIVE ANALYTICS33 WHAT IS NEXT FOR EMPLOYERS?34 ABOUT WORK INSTITUTE35 ABOUT THE AUTHORS2021 RETENTION REPORTTABLE OF CONTENTS4 DEAR EMPLOYERS,As I reflect on 2020, it is obvious what a challenging year it was for all of us and particularly challenging for employees and employers. The influence of the global coronavirus pandemic on the workplace was unprecedented.
turnover is more preventable by employers. Voluntary turnover climbed significantly from 2010 until a peak of 3.6 million departures in July of 2019. The pandemic brought a significant decrease in voluntary turnover. Fewer than 1.9 million workers chose to leave their jobs voluntarily in April of 2020 down almost 50% from the number just three ...
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