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There are many different reasons why a person will quit their job. Offers of higher pay, not moving up in the company, they don’t like their boss and more. Some companies hire outside firms to find out which employees are at risk of quitting their jobs. With this knowledge the company has the opportunity to talk to that employee and find out why and to make offers if they stay.
Key Takeaways:
- Thus companies are intensifying their efforts to predict which workers are at high risk of leaving so that managers can try to stop them.
- Tactics range from garden-variety electronic surveillance to sophisticated analyses of employees’ social media lives.
- For instance, birthdays—particularly midlife milestones such as turning 40 or 50—can prompt employees to assess their careers and take action if they’re unhappy with the results.
“Attrition has always been expensive for companies, but in many industries the cost of losing good workers is rising, owing to tight labor markets and the increasingly collaborative nature of jobs.”
