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66% of the 946 companies surveyed report difficulty attracting top-performing workers, while a 70% percent have trouble attracting “critical-skill” employees. The U.S. had the highest median voluntary turnover rate, at 11%, while Latin America has the lowest, at 5%.
Part of the problem is a disconnect between employee priorities and employers’ perceptions of those priorities. When employees were asked why they left a job, they have this list of reasons (in descending order): stress level, base pay, promotion opportunity, career development opportunities and work/life balance. When asked why their people leave, employers cited pay, career development, promotion opportunity, relationship issues with the boss and work/life balance. Stress wasn’t on the list.
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