EY’s 2024 Work Reimagined Survey indicates that while employee quits have decreased this year, 38% of workers are likely to leave their jobs within the next year. To retain talent, employers should enhance workplace culture, expand rewards, and develop employee skills. The evolving workforce demands personalized benefits, highlighting the need for tailored retention strategies. Click here for article.
Turnover Predictions: Despite a drop in employee quits in 2024, 38% of employees may seek new jobs within a year.
Desired Benefits: Key employee preferences include bonuses (37%), health benefits (33%), and flexible schedules (30%).
Current Job Stability: Employee quits fell to 3.1 million in August 2024, the lowest since September 2020, reflecting caution about the job market.
Evolving Needs: Employers must adapt to changing employee expectations by offering personalized work experiences and monitoring labor market trends.
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