April 14, 2010 — Employers and employees appear to not be on the same page when it comes to their expectations for attrition: A recent Manpower survey found that 80% of hiring managers expect less than 5% of their employees to leave the company voluntarily in 2010, yet a survey of employees by Manpower subsidiary Right Management found that 60% of employees plan to pursue new job opportunities if the economy improves this year.
Manpower’s survey of 2,000 also found that 41% of employers do not have a proactive process in place to capture employees' job knowledge.
"These survey results are a wake-up call to employers," said Jorge Perez, senior vice president of staffing for Manpower, North America. "As soon as the job market gains momentum, we will see a high volume of workers leaving their roles for new positions. Given that most companies are operating with slimmed-down staff levels, there is little redundancy in jobs roles, and that puts employers at high risk of losing critical organizational knowledge."
James S Brahany Compensation Manager Member Since: 1/25/1984 Comments: 1
The disconnect may be that hiring managers are assuming that the economy will not improve much in 2010, therefore turnover will be low. Also, even if the economy does improve it is wishfull thinking by the 60% that they will be able to find a new job. Regardless, voluntary turnover will in all probability remain low in the near term.