During ‘The Great Resignation,’ 4.4 million people left jobs in September and another 4.2 million left in October, according to the U.S. Labor Department. Most of these employees are quitting because they are finding better work environments and higher pay.
Therefore, every manager and HR professional is focused right now on employee retention – especially as the average cost of replacing an employee is approximately 21% of their salary, according to the Center for American Progress. How difficult news is relayed and how difficult conversations are managed are crucial to ensuring employees continue to feel validated, heard and understood within an organization.
