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Employee Turnover Is Costing Companies Big
July 15, 2025July 2025 4.1% The unemployment rate changed little from 4.2% and nonfarm payroll employment increased by 147,000 in June. Healthcare and state government saw job gains, and decreases in federal government continue.
The labor force participation rate decreased little by 0.1 percentage points to 62.3%. Average hourly earnings rose by 8 cents (0.2%) to $36.30 and the average workweek was 34.2 hours.
According to the American Staffing Association, temporary help employment was 1.59% of total nonfarm employment in June.Notable Gains and Losses - Government: +73,000
- Healthcare and Social Assistance: +58,600
- Leisure and Hospitality: +20,000
- Construction: +15,000
- Transportation and Warehousing: +7,500
- Manufacturing: -7,000
- Professional and Business Services: -7,000
Read the full report at BLS.gov Why Supporting Caregivers Benefits Everyone
Forbes – July 6, 2025
Supporting caregivers is more than compassionate, it’s a strategic imperative for creating inclusive, resilient workplaces. Facilitating opportunities to share experiences, advocating for the caregiver experience, and leading with vulnerability fosters a supportive workplace where caregivers can thrive without sacrificing personal responsibilities.Is It Really Cheating If It's on Your Job? Why Bosses Are Cracking Down on 'Polygamous' Workers
Investopedia – July 5, 2025
Polygamous working, holding multiple full-time jobs without disclosing them to an employer, has become a growing concern. Though not illegal, this practice can erode trust and breach employment contracts. Employers are cracking down on this trend, prompting a need for clearer policies, improved monitoring, and open conversations about workload and expectations.How to Keep a Workplace Functioning in the Face of Layoffs
Fast Company – July 7, 2025
As layoffs surge to near-record levels, leaders must prioritize compassion and transparency to maintain morale and retain top talent. It’s crucial to treat departing employees with dignity, and post-layoff, streamline workflows and rebuild a positive work environment that emphasizes employee engagement and well-being for remaining talent.56% of Employers Say It’s Workers Who Must Adapt to Company Culture—But Job Seekers Disagree
ExpressPros.com – June 25, 2025
In today’s competitive job market, hiring managers are facing a hard truth: sticking to traditional policies could cost them top talent. This is according to a recent Express Employment Professionals-Harris Poll survey. Flexibility and adaptability are often essential in business, as change is an inevitable part of the process. But when it comes to company culture, U.S. hiring managers appear torn on who is responsible for adapting to the current landscape.
More than half of employers (56%) say it’s up to workers to adapt to company culture, while 44% argue it’s time for company culture to evolve with the times. What’s driving this mindset? A striking 88% of companies say they already have the tools to train new hires to fit in, with 42% strongly backing their ability to shape cultural alignment from day one.The $100,000/Year Drain: How Employee Turnover Is Costing Companies Big in 2025
ExpressPros.com – June 11, 2025
At the midpoint of 2025, many companies are not only focused on hiring but also preparing for a potential rise in employee turnover. According to a recent Express Employment Professionals-Harris Poll survey, nearly 2 in 5 U.S. hiring managers (39%) expect turnover at their company to increase this year—a notable jump from 33% who said the same about 2024.
While just more than half (51%) believe turnover will remain steady, the growing concern is already impacting company budgets. On average, turnover costs businesses $36,723 annually in expenses like rehiring and lost productivity. For 1 in 5 hiring managers (20%), that number climbs to $100,000 or more each year.Contact:Brenda Kay Hammel, Business Development Sales Executivebrenda.hammel@expresspros.com, (850) 494-1776
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Navarre Beach Area Chamber of Commerce
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