Employee retention increased during the second quarter of 2024, reaching the highest level in 18 months, according to a report from Eagle Hill Consulting, signaling potential lower attrition rates for the rest of the year. Click here for article.
The retention increase was largely driven by Baby Boomer and Generation Z employees, with organizational confidence, culture, and compensation being key factors.
Men saw a greater retention increase compared to women, highlighting a significant gender gap in retention sentiment.
Organizational confidence experienced the largest jump among retention indicators, followed by culture and compensation.
The report aligns with U.S. Department of Labor data showing stable quit rates and high job opening rates, indicating employees' increased likelihood to stay in their current positions.
Comments