GITNUX MARKETDATA REPORT 2024

The Most Surprising Employee Retention Statistics in 2024

Statistic 1

"Companies that support remote work have a 25% lower employee turnover rate."

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Statistic 2

"Only 15% of employees worldwide are engaged in their jobs."

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Statistic 3

"Around 1 out of 3 new hires leave a job after about six months."

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Statistic 4

"Recognition reduces employee turnover by as much as 31%."

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Statistic 5

"Poor onboarding experiences make new hires 2 times more likely to seek another opportunity."

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Statistic 6

"87% of HR leaders consider employee retention as their primary concern."

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Statistic 7

"More than 50% of employees stay longer at a job if they have friends there."

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Statistic 8

"Millennials are expected to hold 15-20 jobs over the course of their working lives, making retention particularly challenging."

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Statistic 9

"82% of employees say they’re loyal to their employers."

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Statistic 10

"47% of employees said they would seek new employment due to a lack of recognition."

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Statistic 11

"Companies with a recognition culture have 31% lower voluntary turnover."

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Statistic 12

"93% of employees will stay longer if a company invests in their career development."

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Statistic 13

"Employees who feel their voices are heard are 4.6 times more likely to feel empowered to perform their best work."

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Statistic 14

"78% of business leaders rank employee retention as important or urgent."

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Statistic 15

"The average employee tenure in the USA is currently about 4.1 years."

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Statistic 16

"Organizations with high employee engagement have 59% less turnover."

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Statistic 17

"Replacing an employee can cost a company 1.5 to 2 times the employee's annual salary."

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Statistic 18

"78% of employees would remain longer at a company if they saw a career path within the organization."

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Statistic 19

"Companies rated highly on CSR have lower turnover by 25-50% compared to those not rated as high."

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Statistic 20

"69% of employees would work harder if they felt their efforts were appreciated."

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