Employees with less than two years’ service are twice as likely to leave their organisations as those with more than two years tenure.
A study of employee attrition rates by Sirota Survey Intelligence showed that staff with less than two years service quit at an average rate of about 20% a year.
Those with more than two years tenure quit at an average rate of about 10% a year, according to the study of nearly 47,000 employees.
The data also showed of all those who voluntarily leave within any given year – almost six out of 10 have been in their post for less than two years.
Nick Starritt, managing director of Sirota Survey Intelligence for Europe, said to improve overall employee retention rates, companies should pay closer attention to retaining workers with less than two years’ experience.
“Many leaders fail to recognise new employees are enthusiastic about starting a job and that, by their actions, management destroys this enthusiasm,” he said.
“Our research shows a measurable decline in employee morale after they have been working for an organisation for six months and this deterioration worsens as they continue to evaluate what they expected against what they are receive.
“Best-in-class companies do not create this decline in morale as seen in the overall trend.”