A terrific new infographic just came out from Cornerstone OnDemand, based on their 2013 U.S. Employee Report.
The main thrust of the report adds to what seems to be the New Year’s resolution of the vast majority of employees – finding a new job. As the research/infographic points out, 19 million Americans plan to leave their jobs in 2013, costing more than $2 trillion to the U.S. corporate bottom line.
I can hear the deriders saying, “Sure, 19 million people plan to leave their jobs, but how many actually can or will?”
It’s a valid point, but don’t forget – people thinking about leaving their job in your company are not fully engaged in or focused on the task at hand.
They’re daydreaming about leaving. They’re spending work time trolling the job boards. They’re already one foot out the door. In fact, many of them have already quit and just forgot to tell you.
The costs of employee turnover are staggering, but there is much you can do about it. Look at this section of the Cornerstone On/Demand infographic:
Very high employee turnover costs are quite real. (Globoforce now offers a very easy-to-use turnover cost calculator. Hit me in comments or contact me through the email link below if you’re interested in using it.) But you don’t have to factor in those continued high costs as an expectation in 2013. You can do something now to reduce turnover – and the thoughts, daydreams and job-site trolling.
What are your expectations for turnover in 2013? Are you planning to look for a new job?
You can find more from Derek Irvine on his Recognize This! blog.