Employee Turnover and Retention Strategies

Employee turnover can be categorized into ______ (workers leaving on their own) and involuntary (layoffs or terminations).

To calculate employee turnover rate, divide the number of employees who left by the average total employees, then multiply by 100. The average turnover rate in the US in August 2022 was 3.9%, with a total annual ______ turnover rate of 32.7% in 2021.

Factors contributing to turnover include pay, benefits, lack of career advancement, burnout, poor ______, and feeling unappreciated.

Offering competitive compensation, benefits like HRAs, and employee ______ can help lower turnover rates and retain employees.

Employee turnover can be categorized into voluntary (workers leaving on their own) and ______ (layoffs or terminations).