While many industries would agree that the turnover rates witnessed during the Great Resignation have slowed down in the last year, employees are still more than willing to walk away — even when their good work has been formally recognized.
ADP Research Institute, which focuses on labor market and employee performance research, analyzed the job histories of over 1.2 million Americans, looking at employee commitment and retention in their quarterly Today at Work report. What they found spells trouble for employers: Within a month of their first promotion, 29% of employees left their employer. If they hadn’t been promoted, only 18% would have left.
