Deloitte’s Global Human Capital Trends 2015 report cites engagement and retention as the number one HR challenge, edging out both leadership and learning. An overwhelming 87 percent of business leaders surveyed believe the issue is “important,” with 50 percent citing the problem as “very important.”
Similarly, PricewaterhouseCooper’s 2016 annual survey finds 72 percent of global CEOs are concerned about the availability of employees with key skills, especially since 48 percent are planning to increase headcount in the coming year.
Research on the topics of engagement and retention says these executives are spot-on in these concerns—not only are they right to be troubled but also the cost of voluntary turnover is higher than many of these organizations understand.
Download this research bulletin from Bersin by Deloitte Research Bulletin to further investigate key insights including:
- Leaders should be deeply troubled by increasing voluntary turnover.
- Voluntary turnover is costing many organizations millions of dollars.
- Calculating the true cost of voluntary turnover creates a compelling business case.