Median separation rates (excluding layoffs, reductions-in-force, and departures of temporary staff) averaged just 0.8 percent of employers workforce per month in the first quarter of 2004, hitting a first-quarter low not seen since 1994.
For the manufacturing industry, a year-to-year comparison of month separation rates in the first quarters of 2003 and 2004 show a decline of one-tenth of a point (to 0.6 percent).There was no change in median departure rates in the non-manufacturing section (0.9 percent). However, the health care subsector did experience a one-tenth of a point decline (to 1.0 percent).
However, a recent survey conducted by The Discovery Group, a management consulting firm specializing in assessing employee opinions, found that one third of employees plan to leave their organizations within the next two years.
The finding is based upon studies conducted in 60 organizations during the past several years. More than 50,000 employees were surveyed from a variety of U.S.-based manufacturing and service organizations.
Unfortunately, those most likely to leave are the superior, not the mediocre or poor performers said Dr. Bruce Katcher, an Industrial/Organizational psychologist and author of the study. He suggests that, senior managers must take proactive measures now to make sure they retain the top talent in their organizations.
These and other suggestions are explained in a report titled Dont Let Your Best Employees Jump Ship. View the report at
www.DiscoverySurveys.com/articles/itw-46.htm.