Turnover is a big problem for employers
U.S. employers aren’t just having a hard time attracting workers, they’re increasingly struggling to hold onto them.
MGM Resorts International will hire 500 to 800 people during a week, only to lose 300 to 400 others, its chief executive officer recently said. In restaurants, there’s a new buzz word for employees who leave after a few days to go work elsewhere: “ghosting coasting.” And at the warehouses of grocery supplier SpartanNash Co., turnover has nearly tripled from historical rates to 70%.
Turnover is getting worse across certain sectors and types of jobs, with quits rates at record highs in health care and retail, data from the Bureau of Labor Statistics show.
This article appeared in Bloomberg News. Here’s a link to the entire article.
