While you do your best to prevent employee turnover, employees will eventually leave an organization—voluntary or not. Whether it’s a spouse’s relocation, different career moves, family obligations, layoffs, or retirement, there are many reasons why employees exit. While these life events can happen in any organization, HR managers can handle employee departures gracefully and use their experiences to fine-tune retention efforts.
The grass is greener on the other side. Employees with this mindset could be close to quitting—if they haven’t already.
When employees leave their jobs, HR managers have to restart the costly dance of recruitment, hiring, and onboarding all over again. With today’s hiring market, evolving labor laws, and overflowing HR tasks, the consequences of employee churn are heavy to bear. Turnover doesn’t just increase onboarding and training costs—it also reduces employee morale and productivity.
Not long before summer’s start, the DOL announced the final rule for overtime and white-collar exemptions. But that isn’t the end of the changes for the FLSA. This summer will bring higher penalties for employer violations—along with other big news for the workforce. What’s happening in the world of HR lately?