The current job market is more challenging for employers of all types that are trying to find qualified candidates and retain their existing workforce. The rate at which employees quit their jobs has steadily increased over the last decade; in 2018, the “quits” rate was 27%.
Replacing an employee is costly to an employer. The Society for Human Resource Management (SHRM) estimates that on average it costs an employer six to nine months’ of an employee’s salary to replace them, which includes the cost of searching and hiring, training and lost productivity.
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