Korn Ferry: An Alarming Uptick in Turnover

By SIMON CONSTABLE 

In one UK firm after another, workers are discovering an alarming trend: their colleagues from a year ago—or even a few months passed—are no longer there.

Despite some pricey post-pandemic efforts to retain employees, a series of shake-ups continue to plague Britain's labor market, new research shows. Experts say the level is high enough to create disruptions in many businesses and potentially increase staffing turnover costs. "Turnover is much higher than leaders would like," says Rory Singleton, Korn Ferry's head of global industrial markets. "Lots of people I talk with have struggled to find replacements, and it's taking far longer. Read more here.

Steve Morgan, CC BY-SA 4.0, via Wikimedia Commons