About 4.5 million workers in the U.S. quit their jobs in 2022, continuing a trend that began after the 2007 Great Recession. Offering paid time off reduces the likelihood of quitting by 35% overall, with a greater reduction for men (41%) than women (28%).
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#EmployeeRetention #WorkplaceWellness #PaidTimeOff #LaborMarketTrends #QuitRate
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#EmployeeRetention #WorkplaceWellness #PaidTimeOff #LaborMarketTrends #QuitRate
FLORIDA ATLANTIC UNIVERSITY
Paid Time Off Greatly Reduces Employees’ Odds of Quitting Their Jobs
Employee turnover costs U.S. businesses more than $1 trillion annually. A study explored how paid time off and flex time affect an employee’s decision to quit, particularly as it relates to job satisfaction.
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