More than 60 Percent of Employee Turnover is Voluntary, Surprising Employers Who Could Have Predicted it
Automatic Data Processing, Inc. (ADP)
Last automatic data processing, inc. earnings: 4/29 06:56 am
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Source: Marketwire
ROSELAND, NJ -- (Marketwired) -- 02/20/18 -- Five percent of workers leave their jobs, voluntarily and involuntarily, every month on average, and 60 - 70 percent of all employee turnover is voluntary, according to a recent ADP Research Institute® (ADPRI) report, "Revelations from Workforce Turnover." In today's tightening labor market where finding skilled labor is tough, turnover, whether it is planned or not, can be quite a challenge for employers. Hiring and training new workers, managing through temporary skill and capacity gaps during vacancies, and even surviving the loss of valuable institutional knowledge can be costly and difficult for companies to recover from. However, this new study shows that a data-driven approach can be applied to help employers predict, and potentially reduce, unplanned departures. "It has always been important for employers to minimize turnover, but it is more critical now than ever before given the current state of labor market," said
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ADP
Earnings
- 2/1/24 - Beat
ADP
Sec Filings
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- 3/4/24 - Form 144
- ADP's page on the SEC website