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Employees are leaving these industries at higher rates. Here’s how to keep them

This post was orginally published on https://www.fastcompany.com/90772393/employees-are-leaving-these-industries-at-higher-rates-heres-how-to-keep-them

The top reason employees had for leaving a job was lack of career development or advancement, according to a new McKinsey study.

Despite talk of an impending recession, companies are still scrambling to retain talent. According to the latest numbers from the Bureau of Labor Statistics (BLS), there were 11.3 million open jobs on the market in May, up from 9.6 million the year before. This isn’t just a resurgence due to a sluggish job market during the pandemic: The quit rate is 25% higher than it was pre-pandemic, according to the BLS.

McKinsey & Company has released a new report that surveyed over 13,000 employees in six different countries, delving into what employees want from their jobs. Here are the key takeaways:

  • Employers should amp up their efforts to retain and attract talent. The study found that 40% of employees are planning to leave their job in the next three to six months. Moreover, of employees who had left, only 35% found a job in the same industry, making the scramble for talent all the greater.
  • Industries with the highest percentage of workers either not returning to the same industry or leaving the workforce altogether include consumer/retail (76%), the public and nonprofit sectors (72%), finance and insurance (65%), and industrials (64%).
  • The top three reasons employees quit their job were lack of career development and advancement (41%), low pay (36%), and uncaring/uninspiring leadership (34%).
  • The top three reasons employees tended to stay at a job were flexibility (40%), meaningful work (38 to 39%), and adequate support for health and well-being (30%).

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agustina olivero

Marketing Specialist

Ms. Olivero implements and tracks marketing programs such as email, social media, or digital campaigns, and events. She manages CRM and Marketing Automation Software 

Ms. Olivero conducts market research, analyzes trends and develops marketing materials.

Agustina tumminello

Operations Manager 

Ms. Tumminello oversees operational activities at every level of our organization. She strategizes process improvements to ensure everyone completes their tasks on schedule.

alejandra pellegrini

Executive Assitant

Ms. Pellegrini assists Chad Williamson, provides administrative assistance and mantains records, She acts as the point of contact among executives, employees, clients and other external partners.

 

alexa flores

Client Relationship Specialist
Alexa Flores is the Client Relations Specialist at Fluid Education. She is responsible for engaging prospective and existing corporate and organizational partners and ensuring partnership success.

Prior to coming to Fluid Education, Ms. Flores was a successful collegiate softball athlete and 2-time All-American.

victoria migliore

Director of Operations
Ms. Migliore is a proven leader in HR, Training and Recruiting. She oversees the day to day operations and management of personnel at Fluid Education.

Ms. Migliore develops, implements, and monitors day-to-day operational systems and processes.

Sean-reed mcgee

Chief Operating Officer

Sean-Reed McGee has 25+ years of marketing and leadership expertise in the higher education industry. He has worked in the educational marketing arena with  multi-platform companies that reached 400,000+ prospective college students and their families monthly; providing information from hundreds of higher-ed institutions.

chad williamson

Chief Executive Officer & Founder

Chad Williamson is an expert in business development within the education industry. Mr. Williamson has more than 18 years of experience creating strategic alliances between corporations, organizations and higher education institutions resulting in long term success that benefits all parties. As one of the pioneers in educational business development, Mr. Williamson has been responsible for creating and/or enhancing the business pipeline channels of some of the largest education institutions in the nation.

Mr. Williamson is the founder of a small start-up, ESP Inc., that he built and led to over a million dollars in revenue within just a few years. Most recently Mr. Williamson was the Business Development Officer at Arizona State University EdPlus, where he created its business development division and led EdPlus to approximately $10 million per year in revenue in less than 2 years. Mr. Williamson worked closely with the leadership at The Rise Fund over a period of 14 months to help facilitate its partnership with ASU that led to the forming of InStride.

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