The study noted that as of May, 51% of U.S. workers are actively seeking a new job. Employee turnover comes at significant cost to an organization, according to the analytics firm, which cited that replacing leaders costs 200% of their salary; that figure is 80% for employees in technical roles.
The study polled 717 people nationwide who voluntarily left an employer in the past year.
It is important for leadership to communicate effectively with employees, rather than waiting for the employees to express frustration and thoughts of leaving, the study noted.
Seventy percent of the professionals surveyed who left their roles said the decision stemmed from a mix of issues with positive management interaction, career advancement or workload. Compensation and benefits comprised 30% of the reasons employees opted to leave.
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