Compdata Surveys & Consulting Blog

Pay, Recruitment and Turnover: Trends to Know in 2017

Posted by Kristen Fanning on Jul 24, 2017 2:54:20 PM

With 2017 pay increase budgets stagnant at 2.8 percent, employers are experiencing a rise in voluntary turnover among their staff. With the average voluntary turnover rate reported as 13.5 percent compared to 10.4 percent five years ago, employers must rethink their strategies in recruiting and retaining an engaged workforce in today’s market.

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Topics: compensation, News, Turnover, Benefits, Recruiting, Salaries, pay increase budgets, Survey Results, Compensation Data, Recruiting Trends, #Pay, HR, Pay and Benefits, Data

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