California in the 12 months that ended in March were equal to 27% of all workers.
I know it’s been a tough few years on the staff retention front. Your workers seem to have forgotten loyalty to the employer and switch jobs as quickly as fashions change.
California averaged 3.4 million quits a year in the 2001-2007 boom times. Then it fell 26% to 2.5 million in the 2008-2014 job market crash surrounding the Great Recession. When California had job growth since 2001, quits ran 22% of all workers. When jobs declined, just 19% of workers quit.A growing portion of your hiring efforts is simply replacing those who walked out on you. California quits equaled 66% of all hires in the two years that ended in March.And this headache is expanding. Quits were only 52% of California hires in the 2001-2007 boom vs. 47% in 2008-2014 job market crash vs. 56% in 2015-19.
You know pay hikes are fatter these days. In the past two years, workers who stayed – your loyal employees – got raises averaging 4.7% a year.
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