The New Hire Retention Challenge
Posted by Melissa Meunier on Wed, Mar 29, 2023 @ 12:00 PM


Improving_Retention_eBook_Cover_BlogEarly attrition has become a problem that many organizations struggle to address. Record low unemployment, changes in work attitudes and expectations, and the high cost of replacing people who quit have made retention strategy a high priority for HR leaders. Our latest eBook, Improving Retention Rates for New Hires, offers research on early attrition trends, causes and impacts—along with eight steps your organization can take to build an early retention program.

  • Each month, 3.5 to 4 million employees quit their jobs
  • 20% of new employees quit their jobs within the first six months
  • 27% of Gen Z employees say lack of an opportunity to learn and grow is the #1 reason for leaving a job
  • Nearly half of all job quitters switched industries between April 2020 and April 2022
  • Employee replacement costs range from 16% to 213% of their annual salary
Download this report to learn more about:
  • Voluntary turnover rates by industry
  • Why employees are quitting early
  • The high percentage of quitters switching industries
  • Business impacts of early attrition
  • Eight steps for improving new hire retention


Special thanks to the following members of the Trendicators Advisory Board who shared insights and feedback for this report.

Jean Delbridge
Senior Vice President, HR
Primeritus Financial Services

Lisa Esparza
Chief Human Resources Officer

Brigitte Rath
Vice President, Talent Acquisition
Allina Health

Shelley Zajic
Chief People Officer
Collective Investments

Topics: retention

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