99 The Facts You Need on Retention Don’t Be One of Them! Only 34% of companies focus on developing and retaining current employees. Superstars Are Challenging, but Worth It! 56% of employers have difficulty retaining Top Performers. Talented Employees Are at a Premium... and They Know It! • 67% are planning to quit in 2018 • Only 35% of hiring leaders expect this How Do You Measure Up? The average company now experiences 17.8% turnover every year and the average cost to replace an employee is 1.5-2X their annual salary. Great Onboarding Is Critical! 33% of employees decide whether they will stay at a company long-term after being on the job for one week or less, and 63% make that decision in the first month! How Flexible Are You? 82% of employees say they would be more loyal to their employers if they had flexible work options. Sources: Gallup, Saba Software, Clear Company, Deloitte, Aberdeen, Socialcast, The VIA Institute Flexibility in Work – Yes… Working from a Home Office – No! 47% of people prefer a job that allows them flexibility to work from any location while only 7% prefer to work specifically from home. (Check out the Retention Case Study related to this coming up!) And If You Don't, They'll Leave... 51% of employees who don’t feel they have the support of leadership plan to leave their job in the next year, compared to 25% of those who do have leadership support. Retention Is Contagious! Customer retention rates are 18% higher on average when employees are highly engaged. You’ve Gotta Show You Care… 75% of employees would stay longer at a company that listens to and addresses their concerns. The War for Talent Is On... 67% of decision-makers say they’re more concerned about turnover at their organizations now than they were 12 months ago.