By the Numbers: HR Burnout and Employee Quit Rates

Each week, the Mployer Advisor team parses through dozens of reports, industry news, updates, and headlines. Not every statistic or data set warrants an exclusive blog post, but there are numbers that deserve to be reported on a smaller scale.    

Here are some of the top numbers that caught our attention over the past month.

40%  

This is the number of employees who–after quitting their jobs this year–felt that they were better off with their old employer, according to a study by HR tech company UKG. What’s more, 41% stated that they had quit in haste. Retaining quality employees saves companies time and money, so make sure you have the best strategies in place to reduce workforce turnover.

$1 Billion

This is the amount that could be returned to consumers by insurers in ACA rebates, according to an article by BenefitsPRO. This figure is about half of what it was last year, reflecting the reduction in 2020 health claims when the COVID-19 pandemic caused many to forgo healthcare.  

19%  

This is the number of executives that are in the office five days a week, according to a survey by Future Forum. Alternatively, 35% of non-executives are in the office five days a week. This gap can not only contribute to communication problems, but also make it difficult to maintain a cohesive company culture. To learn more, check out our complimentary, on-demand webinar “Tips for Managing a Hybrid Workforce and Redefining Company Culture” for ideas on how to get the most out of your hybrid workforce.  

1 in 4

This is the number of U.S. households that face a mental health problem, according to research done by JAMA Pediatrics. The mental health of employees is no longer something that can be overlooked in the workplace. For strategies and best practices to support your employees’ mental health, click here.  

201%

The percentage increase of Arkansans who had a “very difficult” time in May 2022 compared to June 2021, as discovered in a study done by QuoteWizard and reported in BenefitsPRO. According to that reporting, Arkansas is one of the states hit the hardest by inflation. Read this article to understand how inflation will impact your insurance premiums soon.  

25%  

Companies that offer retirement benefits have a 25% lower quit rate than companies without these benefits, according to data collected by Gusto. Offering a 401k or IRA could be a great way to retain talent and save money that would be lost on employee turnover. Most employees change jobs within the same industry, so download Mployer Advisor’s comprehensive 2022 Mployer Insights Benefits Report for the industry’s best-in-class benchmarking and to see how your benefits compare to your competitors.  

98%

The percentage of HR professionals who have felt burned out at work over the past six months, according to a recent survey by Workvivo. Learn how to recognize and prevent workplace burnout, and read this article for ideas on how to manage burnout amongst HR personnel.  

Looking for more exclusive content? Check out the latest over on the Mployer Advisor blog, or read on for our most recent By the Numbers: Voluntary Benefits and Salary Increases.

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