Every organization is going to experience at least some voluntary turnover from new employees, and the reasons why it happens are not always within an organization’s control. Sometimes, for example, an employee accepts an offer with one company only to be lured away by a much higher salary somewhere else, or employee churn unexpectedly surges because of broader trends in the labor market. These scenarios make it easy to blame high turnover on fickle employees. But organizations that are serious about retention need to be willing to ask the hard questions about what they could be doing to better retain their new hires.
This infographic reviews cross-industry data on the percentage of new hire retention after 12 months and highlights strategies that leading organizations carry out to boost retention for new hires.