Instigate, Inc. - News and Notes

Sunday, May 02, 2010

"I Quit"
Employee Churn Is On The Rise

According to the Bureau of Labor Statistics, February 2010 marked the point where the number of employees voluntarily quitting surpassed the number being fired or discharged for the first time since October 2008.

How many of us have heard the words "I quit"? If not, don't be surprised if a key employee shares those words in the near future. So what is your plan?

Employee re-engagement and related talent management programs will certainly be important efforts to retain top talent. But, talent acquisition plans should also be looked at very closely. No matter how good your talent management programs; some employees may elect to leave your organization.

If replacement of talent is preceding or running in parallel with workforce expansion plans, now is the time to review your processes, technology and resources to ensure your company has a scalable and effective recruiting function.