Respondents who work for companies in the transportation or automotive industries are most likely to indicate an area-wide employee turnover problem exists. Respondents whose companies employ 250 or more people are the most likely to indicate employee retention is a problem in their company. The greater the number of employees in a company, the more likely the respondents are to indicate the problem of employee retention exists within their company. Among respondents who identify employee retention as a problem in their company, one-half feel this problem has increased over the last two years. Better opportunities, higher salaries and relocation are key reasons for employee turnover.
New employees experience the greatest turnover.
Transportation and automotive industries face highest turnover among new employees, those with six or fewer month's experience. In contrast, business services, banking, finance, consulting and insurance as well as medical, hi-tech or aerospace face the highest rate of turnover among employees with one to two years' experience. Almost one-half of respondents take a proactive approach to retaining employees. Respondents from companies in general manufacturing, construction or wholesale trade are the least likely to take steps to encourage new hires to stay. Other popular incentives include more training and orientation for the employee at the start of employment.