Unemployment & Attrition Trends – Dr. Michael HousmanEconomy, Workforce Science,. Runtime: 00:41
Unemployment rates have been steadily declining since early-2010, which suggests that the U.S. economy is improving. This is obviously good news but what is its likely impact on the ability of employers to retain talent? And how does this affect the bottom line for employers that must spend $2500 to $4500 to hire and train each new employee?
In this video insight, Dr. Housman outlines some predictions for the ways in which the improving economy will affect attrition within large employers. Unfortunately, there are some surprising and somewhat negative counter-effects that emerge when the U.S. economy improves.