Managing high staff turnover in turbulent times
it is almost unthinkable that in a country with one of the highest unemployment rates in the world, high staff turnover and the struggle to retain talent is now considered a “ticking time bomb” for companies.
A recent salary and wage movement survey by the reward management platform Remchannel revealed that the leading reason employees left employment between April and October this year was due to resignation (60%).
Annual staff turnover has increased by 16% across all sectors, says René Richter, MD of Remchannel. “This is quite disturbing,” she notes.
