“I Quit!”

The first part of last year ushered in more than New Year’s resolutions for HR Managers. New concerns emerged in the workplace as the workforce saw up to 24% of workers voluntarily resign, a sharp increase over the previous year, according to Ajilon Professional Staffing in New Jersey. And that trend will only continue its rise in 2006.

The main cause for this growing rate of employee turnover is a tightening labor market. Managers are faced with the choice of upping the ante, that is, offering better benefit packages along with higher salaries, or undertaking an even higher cost of re-staffing some of their top-notch positions.

"Employers aren't treating applicants or departing employees as they did in the early '90s. Hiring practices are changing. Interviewing is becoming more effective. Benefits programs are improving. And more companies are bringing consultants on board."

Is your organization prepared to handle this workplace surge? How much will it cost you to replace your top employees if they should leave?

Read more from Susan Kreimer at The Dallas Morning News.

Posted by Shelly Paul, Career Management Coordinator, The H.S. Group