2020

The Job-Hopping Fad: Why & How Employers Can Stop It

The Job-Hopping Fad: Why & How Employers Can Stop It

Lifelong employment is a thing of the past. Today’s employees are more likely to jump ship when they find a job that better satisfies their requirements, and this is particularly common among the younger workforce. While hiring managers used to frown upon job-hopping, it seems that they have changed their minds as job-hopping is becoming increasingly prevalent. A survey conducted by HR company Robert Half showed that over a quarter (27%) of the 500 respondents planned to look for a new job in 2020. This may be alarming for small and medium enterprises (SMEs), as hiring and retaining employees are often cited as key challenges. What would talent drain cost employers? Most employers can attest to the painful cost of losing employees. A 2018 HRM article noted that it can cost a company “up to $11,000 in direct training expenses and lost productivity to replace an experienced employe ...

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