Spare a thought for the recruitment team at Yahoo, faced with the nightmarish task of having to rebuild its talent pool overnight. Even global marquee brands, an Internet stalwart in this case, aren’t immune to the scourge of attrition.
In Australia the national attrition rate is around 18.5% (40.3% in the accommodation and food service sector.), and a study by AHRI estimated the cost to organisations to be around $20 Billion annually.
Now, that’s a lot of money which ought to be put to better use. Maybe it’s time to call the Chief Happiness Officer.