The nation's employee turnover rate has risen to the highest level in nearly a decade, with a midyear report from the Bureau of National Affairs showing 1.2 percent of the work force leaving their jobs each month. Unhappy employees are finding it easier to get new jobs due to a booming economy. And, employers nationwide are having trouble finding enough quality people to hire. The nation's unemployment rate in September stayed at 4.9 percent, unchanged from August. July's rate was 4.8 percent, according to the Labor Department.
Because of the tight labor market, now's the time to evaluate your own company's employee relations, and take action if necessary...
- Are your employees satisfied?
- Are you communicating with your employees?
- Do you offer competitive pay and benefits?
- Do you have creative, inexpensive ways to boost employee morale?